Goods Services

My eraser is a _______.

• service

• good

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

A television is a ______.

• service

• good

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

A skateboard is a _________.

• service

• good

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.4.6

CCSS.L.K.5A

My clothes are ____________

• Goods

• Services

How are goods different from services?

• Goods are physical, tangible products, while services are intangible actions or tasks.

• Goods are actions, while services are products

Tags

CCSS.RI.2.1

CCSS.RI.3.2

CCSS.RL.3.1

CCSS.RL.3.2

CCSS.RL.4.1

Put the words in the correct blank.

a

b

c

d

consumer

service

good

producer

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

Why do people need goods and services?

• People need goods and services to cause scarcity in the market.

• People need goods and services to satisfy their wants and needs.

Tags

CCSS.RL.2.10

CCSS.RL.3.10

CCSS.RL.3.6

CCSS.RL.4.10

CCSS.RL.4.6

Give an example of a service.

• Online streaming service like Netflix

• Video conferencing platform like Zoom

Tags

CCSS.RI.3.7

CCSS.RI.4.7

CCSS.RL.2.7

CCSS.RL.3.7

CCSS.RL.4.7

What are goods?

• Goods are intangible services that cannot be bought or sold.

• Goods are tangible products that can be bought and sold in the market.

the products that people buy and sell

• good

• supply

• demand

• service

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4