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. Also known as human capital. Intermediate Good A good that is used in the production of final GOODS and SERVICES .
Water, oil- natural/ goods Baking assistants- human/ service Oven, mixer, bowl- capital/ goods ... 3. Choose 3 goods and 3 services from the T- Chart. Write an explanation of why you use these goods and services. ... Essential Question: ...
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