Day 18 Economics: Goods and Services

Goods and Services

Welcome back!

Now that you know so much about the kinds of resources, it’s time to learn about how they can be put to use. Resources can be made into actual products, like aluminum can be made into a soda can so you can drink a cold Coke on a hot afternoon. But resources can help make the tools that aid in a service, like the same aluminum can be made into pans that hold food that gets delivered to a homeless shelter. These products are called goods, and when goods act as tools to help someone, that would be a service.

Below, you have a video to watch about goods and services. You will also learn about producers and consumers. Once you are done watching the video, complete the activity at the bottom of the page.

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Video

Watch the video below

 

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Interactive

Directions: Sort the images under the correct heading: Goods or Services.

[CC BY 4.0] UNLESS OTHERWISE NOTED | IMAGES: LICENSED AND USED ACCORDING TO TERMS OF SUBSCRIPTION