Economics for Kids | Goods and Services, Produc...

What are things that are made or grown and can be touched or held?

• Services

• Goods

• Taxes

• Ideas

An action or work that someone does for someone else is called a (a)   .

Which of these is an example of a service?

• A loaf of bread

• A new toy car

• A haircut from a barber

• A pair of shoes

A person who makes or grows goods, or provides a service, is known as a (a)   .

Explain the difference between a producer and a consumer in your own words.