Chris Sinkez Block 3
Chris SinkezBlock 3
needs
wants
Goods are things that you can see and touch
A car and boat are examples of goods
Services are activities that are consumed at the same time they are produced
Two examples of services are cleaning services and carwashes
Wood, food, and water are natural resources
Farmers, truck drivers, sales people all help in the production of a product such as food
Three examples of capital resources are buildings equipment and supplies