Needs & Wants, Goods & Services Flashcards
(8 cards)
1
Q
What is a need?
A
Needs are things that are essential for survival e.g. food, water and shelter.
2
Q
What is a want?
A
Wants are things that make us happy, but we don’t need them to survive e.g. iPhones, designer trainers etc.
3
Q
What is a good?
A
Goods are things that you buy that are tangible (can be touched). E.g. a pen.
4
Q
What is a service?
A
A service is something you use. They are intangible, you cannot physically touch services. E.g. going to the hairdresser.
5
Q
What does a TV come under?
A
6
Q
What does a barbie come under?
A
7
Q
What does a burger come under?
A
8
Q
A
