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What does “goods and services” mean?
What do kids learn about goods & services?
Why do people choose to buy goods and services?
How do you explain goods to students?
Services are not physical objects that can be touched. Instead, services are things that people do for others in exchange for money. Services include medical care, banking, and entertainment, such as musical concerts or sporting events.
Goods and Services. This video from the Explore Economics series helps kids understand that people buy and use both goods and services. Kids learn that goods are objects that satisfy people’s wants and services are things people do for us that satisfy our wants.
Part 1: Which Is Which? One of the most basic ideas in economics is goods and services. More than anything else, money is spent on goods and services. It helps to know the difference between two. A good is something that you can use or consume, like food or CDs or books or a car or clothes.
In this introduction to the idea of goods and services, students learn to distinguish between the two and identify the goods and services needed by a business.
This lesson plan for elementary school students focuses on helping learners determine the difference between goods and services. It allows them to discuss economic activities and categorize them into goods or services. In a nutshell, this lesson plan will cover: What goods and services are; How to categorize goods from services and vice versa ...
