Professional Documents
Culture Documents
Pre Test:
Q1. Define Producers and Consumers.
Producers: A producer makes goods and provides services that people need or
want.
Consumers: A consumer is someone who buys goods and services.
Learning Objective:
To illustrate the meaning of producers and consumers.
Vocabulary:
Producers – people/companies that make goods and provide services
that people need and want
Consumers – someone who buys goods or services
Buying local: purchasing goods and services from local companies to
support the community.
Critical Question:
How does the concept “buying local” help the community?
Ans: Buying from local companies keeps money in the community and helps
support people in the community
Post Test:
Spell Test
Exit Slip
3 THINGS I KNOW
2 THINGS I FOUND INTERESTING
Producers
A producer makes goods and provides services that people need or want. The
companies that produce cars, video games, and mobile phones are producers.
They produce goods. Other companies and people provide services. Services are
jobs that companies or people do (cleaning service, gardening, and teaching).
Hospitals, hair salons, and fire fighters are some service providers. If you visit a
hospital, you can get medical care. At the hair salon, you can get a haircut.
Firefighters put out fires and rescue people who are in dangerous situations.
A consumer is someone who buys goods and services. When you buy toys, books,
or clothes, you are a consumer. If you take a music lesson from a music teacher,
you are a consumer. Consumers pay money for goods and services. They pay for
goods and services they need, like groceries and medical care. They pay for goods
and services they want, like fast food and going to the cinema.
Companies are Producers and Consumers
Most companies are consumers and producers. For example, a mobile phone
company buys materials like plastic and metal to make phones. It is a consumer.
The mobile phone company makes phones to sell to people. It is a producer.
Supermarkets are consumers and producers. Supermarkets buy food and other
goods from farms or other companies. This makes the supermarket a consumer.
Supermarkets sell the food and other goods to people. This makes the
supermarket a producer. Sometimes supermarkets sell services such as preparing
food for carry out or assembling big items for a fee.