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  • Economics - Goods-And-Services-Powerpoint

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    Pranati
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    This document contrasts goods and services. Goods are tangible items that fulfill human wants or needs, such as clothing or food. A service is the performance of work for someone else to meet a want or need. The document also distinguishes between needs, which are crucial for living, and wants, which are not essential but desired. Needs may include food, water, shelter, warmth, and healthcare, while wants can range from jewelry to art or entertainment.

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    - Economics - Goods-and-services-powerpoint

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    This document contrasts goods and services. Goods are tangible items that fulfill human wants or needs, such as clothing or food. A service is the performance of work for someone else to meet a want or need. The document also distinguishes between needs, which are crucial for living, and wants, which are not essential but desired. Needs may include food, water, shelter, warmth, and healthcare, while wants can range from jewelry to art or entertainment.

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    37 views6 pages

    Economics - Goods-And-Services-Powerpoint

    Uploaded by

    Pranati
    This document contrasts goods and services. Goods are tangible items that fulfill human wants or needs, such as clothing or food. A service is the performance of work for someone else to meet a want or need. The document also distinguishes between needs, which are crucial for living, and wants, which are not essential but desired. Needs may include food, water, shelter, warmth, and healthcare, while wants can range from jewelry to art or entertainment.

    Copyright:

    © All Rights Reserved
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    of 6

    Goods and Services

    Look at the lists below and see if you can come up with
    definitions of goods and services.

    Goods Services

    • trainers • water supply


    • picture frames • railway services
    • books • hairdressers
    • laptops • education
    • ovens • road building
    • chairs • health
    • sofas • telephone services
    • mugs
    Goods and Services

    Goods are items that fulfil human wants or needs,


    such as clothing and food.

    A service is the action of doing work for someone in


    order to satisfy a need or want.
    Essential
    Some goods and services are essential
    and some are non-essential.

    These are often called needs and wants.


    Needs and Wants
    Needs are things that are crucial to living.
    Wants are things we don’t need to live but that we would like.

    Make a list of 5 of your needs and 5 wants.

    Discussion Point Will every human have the same wants and
    needs? What sorts of factors might influence our needs and wants?
    Needs and Wants
    These are some examples of needs and wants.

    Needs Wants

    • food • jewellery
    • water • designer clothes
    • shelter • mobile phones
    • warmth • pieces of art
    • health care • football
    • clothes • broadband

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