Goods & Services Wants & Needs By Kate Green ITRT – Suffolk City School 2007 SOL – 1.7, 1.8.

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Goods & Services Wants & Needs By Kate Green ITRT – Suffolk City School 2007 SOL – 1.7, 1.8

Transcript of Goods & Services Wants & Needs By Kate Green ITRT – Suffolk City School 2007 SOL – 1.7, 1.8.

Page 1: Goods & Services Wants & Needs By Kate Green ITRT – Suffolk City School 2007 SOL – 1.7, 1.8.

Goods & ServicesWants & Needs

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

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Needs & WantsNeeds & Wants

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

You must choose some things and give up others!

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WantsWants

Something that you want, but can live without!

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NeedsNeeds

Something you have to have to survive!FoodShelterClothing

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GoodsGoods

Things people make or use to satisfy needs or wants.

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ServicesServices

Activities that satisfy people’s needs and wants.

Community Helpers Game

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Comparing Goods & ServicesComparing Goods & Services

Comparing Game

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BuyerBuyer

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

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SellerSeller

A person who sells goods or services.

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

Producers Story

Consumers Story