| Needs or Wants | Goods and Services | Producer or consumer | Definitions | definitions 2 |
|---|---|---|---|---|
|
What is a want?
Legos
|
What is a service?
Haircut
|
What is a producer?
Farmer
|
What is Needs?
things people need to survive
|
What is a Good?
things you buy
|
|
What is a need?
Water
|
What is a good?
Hat
|
What is a consumer?
Book Store Customer
|
What are Wants?
things people would like to have
|
What is a service?
a job a person provides and is paid for
|
|
What is a need?
Home
|
What is a good?
Hamburger
|
What is a producer?
Photographer
|
What is economics?
making, buying, or selling something that people need or want
|
What is decision making?
to make informed choices
|
|
What is a want?
Vans shoes
|
What is a service?
Teacher
|
What is a consumer?
Grocery shopper
|
Who is a consumer?
a person who uses and buys goods and service
|
What is Savings?
money people put away to keep or to spend later
|
|
What is a want?
iPad
|
What is a service?
Firefighter
|
What is a producer?
Veterinarian
|
Who is a producer?
a person who makes goods or provides a service
|
What is Money?
coins and paper bills used to pay for goods and services
|
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