61
Lesson 61 of 84 · Goods and Services
Handmade vs. Factory-Made
Goods are things you can touch and buy, like a book, a bicycle, or a sandwich. Services are things people do for you, like cutting your hair or teaching you to read.
Key Facts
1
Goods are things you can touch.
2
Services are things people do for you.
3
Producers make goods and services.
Check Your Understanding
Question 1
1 of 2What is the difference between needs and wants?