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| Consumers | Producers | ||||
| Goods Services Barter | |||||
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Consumers Consumers are people who buy and use things.
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Examples of Consumers: If I go to McDonald's and have dinner, I am a consumer. When I buy a new pair of shoes, I am a consumer. If I go to a ballgame, I am a consumer of that ballgame. |
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Producers Producers are the people who make things.
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Examples of Producers: Producers make clothes and cars. The people who make them often work in a factory. Farmers are producers. They produce crops, milk cows for their milk, and raise animals for meat. You might be a producer. If you make something for someone else. |
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Goods Goods are objects that people want.
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Examples of Goods: Groceries (hotdogs, cheese, etc.), tools, TVs, clothing, homes, cars, trucks, toys, flags, and many other things that people might want are goods. |
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Services Services are things that people do to make. other people's lives easier. 
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Examples of Services: Teaching people to do something (teachers), helping people get better if they are ill (doctors and nurses), walking dogs, delivering mail and packages, washing cars, taking care of streets, removing garbage, helping people with their money (bankers), and other helping jobs are all services. |
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Barter Barter is what people do when they trade things that they have or have made for something that they want. Money is not used. People must decide how much they want for their object or service. Bartering is what people did before the invention of money. In some places, it is still done. Have you ever bartered?
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Examples of Barter I made a cake and you have ice cream. I trade you half of my cake for half of your ice cream. We did not use money, but we are bartering. You are very good at making arrow heads and I am really good at making shoes. I trade you shoes for your arrowheads. We bartered (traded). Another kind of bartering might be trading jobs. I am really good at cleaning up a room and you are really good at raking leaves. We trade jobs. I clean for you and you rake leaves for me. We might collect baseball cards. You have some that I really want and I have some you want. We will barter with each other until we each have traded for the ones we want. |
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| Constructed by the Bellevue Technology Training Team Revise date: 04/03/2008 11:19 AM | |||||
