1.8 Economics Assessment

Things we must have in order to survive.

• need

• want

Which picture shows a need?

• house

• cupcake

• toys

Things people make or use to satisfy needs and wants.

• service

• good

Which picture shows a good?

• mother

• bike

• builder

Things people would like to have.

• needs

• wants

Activities that someone does for you to satisfy your needs and wants.

• good

• service

Which picture shows a want?

• cake

• water

• clothing

Which picture shows a service?

• kite

• fireman

• ball

A person who buys goods and services is a________ .

• producer

• consumer

A person who makes goods or provides a service is called a __________ .

• producer
• consumer