Goods & Services Wants & Needs By Kate Green ITRT – Suffolk City School 2007 SOL – 1.7, 1.8.

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Presentation transcript:

Goods & Services Wants & Needs By Kate Green ITRT – Suffolk City School 2007 SOL – 1.7, 1.8

Needs & Wants People can NOT have all the goods and services they want! You must choose some things and give up others!

Wants Something that you want, but can live without!

Needs Something you have to have to survive! Food Shelter Clothing

Goods Things people make or use to satisfy needs or wants.

Services Activities that satisfy peoples needs and wants. Community Helpers Game

Comparing Goods & Services Comparing Game

Buyer A person who uses money to purchase (buy) goods or services.

Seller A person who sells goods or services.

Producers & Consumers (Seller) (Buyer) Producers Story Consumers Story

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