Basic Economics: Goods/Services, Supply/Demand

Mollie goes to the store and buys candles for her Mom’s birthday. Mollie is the __________________.

• consumer

• producer

Ginny opens a nail salon. People pay Ginny to paint their nails. Ginny is the _____________.

• producer

• consumer

Rachel makes chocolate chip cookies and sells them at the school bake sale. Rachel is the ___________.

• producer

• consumer

Bailey buy pays for groceries, including milk, bread, and vegetables at the grocery store. Bailey is the ___________.

• producer

• consumer

List two (2) examples of goods:

List two (2) examples of services:

A person who buys goods or services is a...

• consumer

• producer

• barter

• virus

The amount of something available to customers is...

• supply

• demand

• consumer

• producer

To trade without using money is called...

• barter

• consumer

• producer

• supply

A person who makes and sells goods and services is called a...

• producer

• supply

• barter

• consumer