Transcription of GOODS AND SERVICES - Edutopia
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GOODS AND SERVICES - Edutopia
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 . GOODS (ASL Motion: Use your hands like scoops to come together to create a birds nest) Tangible objects that satisfy economic wants. Human Resources The health, education, experience, training, skills and values of people.
-Identify that money is used by people to buy and use goods and services. Exploration: A. Understanding Goods and Services Explain to students that people buy, use, and exchange goods and services. A good is a physical item that can be bought, touched, and used. A service is the action done for people who pay for the service.
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