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Econ 3rd Gr.
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The baker that made the cake I bought is an example of a
 
producer
 
consumer
I bought a cake for my daughter's birthday. A cake is a
 
good
 
service
A bus driver is an example of a __________
 
service
 
good
Bread is a ______________ that I can buy at the bakery or at a market.
 
good
 
service
A scooter is an example of a
 
good
 
service
A haircut is a __________ that you can pay for.
 
service
 
good
A service is work that someone does for someone else. Which of these is a service?
 
barber
 
lunch at McDonalds
 
a coffee at Starbucks
 
a donut at Dunkin Donuts
What are consumers?
 
Consumers buy goods and services.
 
Consumers make goods and services.
What do producers do?
 
make goods
 
buy goods
What are wants?
 
Something we would like to have.
 
Something we need to survive
What are needs?
 
What we need to survive: food, water, shelter, air.
 
What we need to learn: school, libraries, internet.


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