Econ 3rd Gr. | Baamboozle - Baamboozle | The Most Fun Classroom Games!

English 11 Public

Basic econ terms

Study Slideshow

What are needs?

What we need to survive: food, water, shelter, air.

What we need to learn: school, libraries, internet.

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What are wants?

Something we need to survive

Something we would like to have.

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What do producers do?

make goods

buy goods

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What are consumers?

Consumers buy goods and services.

Consumers make goods and services.

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A service is work that someone does for someone else. Which of these is a service?

a coffee at Starbucks

barber

a donut at Dunkin Donuts

lunch at McDonalds

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A haircut is a __________ that you can pay for.

service

good

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A scooter is an example of a

good

service

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Bread is a ______________ that I can buy at the bakery or at a market.

good

service

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A bus driver is an example of a __________

good

service

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I bought a cake for my daughter's birthday. A cake is a

good

service

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The baker that made the cake I bought is an example of a

producer

consumer

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