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GOODS AND SERVICES LESSON

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An important elementary economic concept is understanding the difference between providing GOODS and SERVICES. Here, students must decide if each worker is providing a good or a service.

LESSON LEARNED

Goods and Services Identification

OTHER SKILLS REINFORCED

Elementary Economics

SUGGESTED

GRADE LEVELS

1 to 4

Multiple levels.

Suggested Lesson Plan for Goods and Services

The understanding of goods and services is an important elementary concept in economics. Goods and services include everything purchased and sold.

Goods includes things that are used or consumed, for example clothing and food. Services are work done for others, such as a teacher or a fire fighter. The difference between goods and services is that goods are something that you can touch.

Sometimes people provide services that result in a good being created. For example, a chef at a restaurant provides the service of cooking a meal that you may eat.

Use the following worksheet and identify goods and services.

WORKSHEET Instructions

Students should look at each picture and decide if the person is providing a good or a service. Worksheet choices allow worksheets to be created that either have the student circle the good, or the words "good and service" is written, and the student must circle the correct word, or the student may write G for good and S for service.

Note that this is a random worksheet. A NEW worksheet is created every time you press the button below. Create multiple worksheets for additional practice for your students.