Goods and Services Review

People who buy or use goods and services to satisfy their personal needs and wants

• consumers

• producers

• resources

How much of a good or service is available

• consumer

• supply

• money

The act of trading goods and services you have for goods and services you want

• boat

• trade

• goods

How much of a good or service people want

• demand

• consumer

• cash

A good that is used to produce many other goods and services

• capital resource

• human resource

• natural resource

the time, talents, and skills of a person who helps produce goods and services

• capital resource

• human resource

• natural resource

People provide goods and services to...

• earn profit

• earn income

• benefit the common good

The government provides goods and services to...

• earn profit

• earn income

• benefit the common good

Actions that satisfy people's needs and wants

• goods

• consumers

• services

Objects that can satisfy people's needs and wants

• goods

• services

• producers