Goods and Services

What is a good?

• Items purchased to satisfy needs and wants

• money provided, especially by an organization or government, for a particular purpose.

• Actions or activities that one person performs for another

• a required payment to a local, state, or national government

What are services?

• Items purchased to satisfy needs and wants

• Actions or activities that one person performs for another

• Obtaining money, goods, or services in exchange for promise of future payment

• something, typically money, that is owed or due

What is funding?

• a required payment to a local, state, or national government

• Certificates of debt that carry a promise to buy back the bonds at a higher price

• A sum of money given by a certain organization, especially the government, for a certain reason or cause

• money provided, especially by an organization or government, for a particular purpose.

What are bonds?

• A sum of money given by a certain organization, especially the government, for a certain reason or cause

• Certificates of debt that carry a promise to buy back the bonds at a higher price

• Obtaining money, goods, or services in exchange for promise of future payment

• Actions or activities that one person performs for another

What are grants?

• a required payment to a local, state, or national government

• Items purchased to satisfy needs and wants

• A sum of money given by a certain organization, especially the government, for a certain reason or cause

• Certificates of debt that carry a promise to buy back the bonds at a higher price

What is a tax?

• Certificates of debt that carry a promise to buy back the bonds at a higher price

• a required payment to a local, state, or national government

• Actions or activities that one person performs for another

• Items purchased to satisfy needs and wants

What is debt?

• Obtaining money, goods, or services in exchange for promise of future payment

• Certificates of debt that carry a promise to buy back the bonds at a higher price

• money provided, especially by an organization or government, for a particular purpose.

• something, typically money, that is owed or due

What is borrowing?

• Obtaining money, goods, or services in exchange for promise of future payment

• A sum of money given by a certain organization, especially the government, for a certain reason or cause

• a required payment to a local, state, or national government

• something, typically money, that is owed or due