Economics for Kids: Goods and Services

The video introduces the concepts of goods and services in economics for kids. It explains the difference between needs and wants, and how people earn money by selling goods or providing services. Examples of goods and services are provided, and viewers are encouraged to differentiate between the two. The video concludes with a call to explore more resources from Teaching Without Frills.

What are needs and why are they important?

How does earning money relate to goods and services?

Give examples of goods that people buy and sell.

What are some services that people provide?

Can you explain the difference between goods and services?