Things that are made, grown, or produced for people to buy or use. These are things you can hold

Work that someone does for someone else, like teaching. You can not hold these.

A person who buys goods or services.

A person that makes or grows things.

This is something you would like to have but do not need to live. Things like toys or ice cream.

These are things people need to live. Like healthy food, water, clothes, and somewhere to live.

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Assignment 2

First Grade Economics SOL 1.8

Terms	Definitions
Goods	Things that are made, grown, or produced for people to buy or use. These are things you can hold
Services	Work that someone does for someone else, like teaching. You can not hold these.
Consumers	A person who buys goods or services.
Producers	A person that makes or grows things.
Wants	This is something you would like to have but do not need to live. Things like toys or ice cream.
Needs	These are things people need to live. Like healthy food, water, clothes, and somewhere to live.