BY: Heath BarnacascelPeriod 3

ECONOMIC SYSTEMS

Needs: Shelter (House)

Food

Water

Transportation (Car)

Wants: Vacation

New Car

New Phone

Goods: are things that you can see and touch

They are the products you can purchase to meet your wants

Some examples of goods are: Phones IPods' Cars

Services are activities that are consumed at the same time they are produced

Some examples of Services are:

Wood

Water

Animals

Plants

Agriculture

Assembly line workers

People providing goods and services

Cook or Baker

Construction workers

Money

Buildings

Equipment

Supplies