Gr4- Goods and Services

Things we buy:

• Services

• Goods

• Ideas

Actions people do for others:

• Goods

• Helping others

• Ideas

• Services

interdependence means:

• living with each other

• understanding others

• Relying on each other

• do your work alone

When a mechanic fix your father’s car, this is

• Good

• Service

You bought a new computer: this is a

• Good

• Service

We must have transportation to go to school.

Is it need or want?

• Need

• want

People pay for goods and services offered by companies. Companies pay people for working for them.

• True

• False

Needs and wants can be goods or services

• True

• False

Answer explanation

We need to eat food and drink water to live. We may want to eat ice cream or drink orange juice.

So, food here is good, and ice cream here also good.

Choose the Service

• You went to the salon to get your hair cut.

• You bought a new Shoes.

People in a community are interdependent – they rely on each other for both goods and services.

• True

• False