GOODS

Front

What are goods?

Back

Goods are items that are produced and sold to satisfy people's needs and wants.

Front

What is an example of a good?

Back

An example of a good is a toy, food, or clothing.

Front

What does it mean to buy goods?

Back

To buy goods means to exchange money for items that you want or need.

Front

What is the difference between goods and services?

Back

Goods are physical items, while services are activities done for others.

Front

What are consumer goods?

Back

Consumer goods are products that are bought by people for personal use.

Front

What are capital goods?

Back

Capital goods are items used to produce other goods, like machinery.

Front

What does it mean to sell goods?

Back

To sell goods means to offer items for money.

Front

What is a market?

Back

A market is a place where goods are bought and sold.

Front

What is a producer?

Back

A producer is someone who makes or provides goods.

Front

What is a retailer?

Back

A retailer is a person or business that sells goods directly to consumers.