56
Lesson 56 of 84 · Goods and Services
Needs, Wants, and Goods
We can choose between goods and services. Would you rather buy a toy (a good) or go to the movies (a service)?
Key Facts
1
Goods are things you can touch.
2
Services are things people do for you.
3
Producers make goods and services.
Check Your Understanding
Question 1
1 of 2What is the difference between needs and wants?