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.

B. Satisfying All Wants Explain to the students that their room will be getting 2 new computers. The teacher needs to find a way to have all 20 students in the class use the computers fairly. There’s only 60 minutes in a class period and the class meets 5 days a week. The teacher knows that there isn’t enough time in the class period

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  Needs, Want, Satisfying, Edutopia

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