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GOODS AND SERVICES

GOODS AND SERVICES Essential Question: How are GOODS and SERVICES produced, consumed, and exchanged to satisfy needs and wants? Standards: NCEE 1 - Scarcity NCEE 3 - Allocation NCEE 5 - Trade NCEE 11 - Money and Inflation NCEE 15 - Economic New Key Terms: Barter Trading a good or service directly for another good or service, without using money or credit. Capital Resources Resources made and used to produce and distribute GOODS and SERVICES ; examples include tools, machinery and buildings. Consumers People who use GOODS and SERVICES to satisfy their personal needs and not for resale or in the production of other GOODS and SERVICES .

This way, 4 students can use it each day. The teacher can choose what day each pair of boys and girls can use the computers. 2) Students can use the computer whenever they are finished with their class work and ... stuff animal, game, pens, crayons. Service example: sweep and dust, wash dishes, type papers, tutoring, fixing hair). Explain that ...

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