Goods and Services

This video from the Explore Economics series helps kids understand that people buy and use both goods and services. Kids learn that goods are objects that satisfy people’s wants and services are things people do for us that satisfy our wants. Kids are encouraged to draw a picture of a good or service that starts with the first letter of their first or last name and to write a sentence that describes the good or service they drew. They learn a song about goods and services.

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Education Level: Pre-K-5
Subjects: Economics Personal Finance
Concepts: Scarcity Consumers/Producers
Resource Types: Video
Languages: English
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