Goods & ServicesWants & Needs

By Kate GreenITRT – Suffolk City School 2007SOL – 1.7, 1.8

Needs & WantsNeeds & Wants

People can NOT have all the goods and services they want!

You must choose some things and give up others!

WantsWants

Something that you want, but can live without!

NeedsNeeds

Something you have to have to survive!FoodShelterClothing

GoodsGoods

Things people make or use to satisfy needs or wants.

ServicesServices

Activities that satisfy people’s needs and wants.

Community Helpers Game

Comparing Goods & ServicesComparing Goods & Services

Comparing Game

BuyerBuyer

A person who uses money to purchase (buy) goods or services.

SellerSeller

A person who sells goods or services.

Producers & ConsumersProducers & Consumers (Seller) (Buyer) (Seller) (Buyer)

Producers Story

Consumers Story