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