8
Lesson 8 of 84 · Goods and Services
Buying and Selling Goods
Raw materials are used to make goods. Cotton is a raw material that becomes clothing. Wheat becomes bread.
Key Facts
1
Services are things people do for you.
2
Producers make goods and services.
3
Consumers buy and use things.
Check Your Understanding
Question 1
1 of 2What is saving?