The Economy and Entrepreneurship - Unit 3: Goods and Services Survey

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2. Explain the difference between goods and services.

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3. Goods in their natural state, for example wood

Natural goods

Manufactured goods

Utility goods

Luxury goods

Consumable goods

Durable goods

Capital Goods

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4. Goods that have been changed from their natural state by production, for example a wooden table

Natural goods

Manufactured goods

Utility goods

Luxury goods

Consumable goods

Durable goods

Capital Goods

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5. Goods that we use every day, for example, knives, forks and plates

Natural goods

Manufactured goods

Utility goods

Luxury goods

Consumable goods

Durable goods

Capital Goods

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6. Goods we can live without such as sports cars.

Natural goods

Manufactured goods

Utility goods

Luxury goods

Consumable goods

Durable goods

Capital Goods

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7. Goods that do not last like food.

Natural goods

Manufactured goods

Utility goods

Luxury goods

Consumable goods

Durable goods

Capital Goods

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8. Goods that last a long time such as furniture.

Natural goods

Manufactured goods

Utility goods

Luxury goods

Consumable goods

Durable goods

Capital Goods

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9. Goods we use to produce products or provide a service, for example machinery or a washing machine in a laundry.

Natural goods

Manufactured goods

Utility goods

Luxury goods

Consumable goods

Durable goods

Capital Goods

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10. Services that we need every day such as waste removal, public transport and electricity.

Essential services

Non-essential services

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11. Services that we do not really need to function but are nice to have, for example a garden service.

Essential services

Non-essential services

Utility goods

Luxury goods

Consumable goods

Durable goods

Capital Goods

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12. The links between needs and goods, and needs and services, create opportunities for businesses to start up. As businesses develop, and consumers support these businesses, an economy is created.

True

False

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13. Differentiate between producers and consumers.

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14. Includes all the factories and home industries that use raw materials to produce finished goods, such as furniture, jewellery, machinery, baked goods, and so on.

Primary Sector

Secondary Sector

Tertiary sector

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15. Many businesses produce services to meet the needs of consumers, such as financial advice.

Primary Sector

Secondary Sector

Tertiary sector

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16. A farmer could grow grapes and use these to produce wine.

Primary Sector

Secondary Sector

Tertiary sector

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17. Define an economist.

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18. Define households.

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19. Households also produce goods and services for their own consumption.

True

False

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20. Washing dishes is a form of household production

True

False

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21. State one fact about pine trees.

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22. Why is wasteful use of resources bad? Explain in detail.

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23. What is recycling? Explain in five sentences.

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24. What is reusing? Explain in one sentence.

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25. Are you a member of the Wowos Club

Yes

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26. If not a member, do you want to join the Wowos club?

Yes

The Economy and Entrepreneurship - Unit 3: Goods and Services

Question Title

* 1. What is your name?

Question Title

* 2. Explain the difference between goods and services.

Question Title

* 3. Goods in their natural state, for example wood

Question Title

* 4. Goods that have been changed from their natural state by production, for example a wooden table

Question Title

* 5. Goods that we use every day, for example, knives, forks and plates

Question Title

* 6. Goods we can live without such as sports cars.

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* 7. Goods that do not last like food.

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* 8. Goods that last a long time such as furniture.

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* 9. Goods we use to produce products or provide a service, for example machinery or a washing machine in a laundry.

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* 10. Services that we need every day such as waste removal, public transport and electricity.

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* 11. Services that we do not really need to function but are nice to have, for example a garden service.

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* 12. The links between needs and goods, and needs and services, create opportunities for businesses to start up. As businesses develop, and consumers support these businesses, an economy is created.

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* 13. Differentiate between producers and consumers.

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* 14. Includes all the factories and home industries that use raw materials to produce finished goods, such as furniture, jewellery, machinery, baked goods, and so on.

Question Title

* 15. Many businesses produce services to meet the needs of consumers, such as financial advice.

Question Title

* 16. A farmer could grow grapes and use these to produce wine.

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* 17. Define an economist.

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* 18. Define households.

Question Title

* 19. Households also produce goods and services for their own consumption.

Question Title

* 20. Washing dishes is a form of household production

Question Title

* 21. State one fact about pine trees.

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* 22. Why is wasteful use of resources bad? Explain in detail.

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* 23. What is recycling? Explain in five sentences.

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* 24. What is reusing? Explain in one sentence.

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* 25. Are you a member of the Wowos Club

Question Title

* 26. If not a member, do you want to join the Wowos club?

Question Title

* 27. If you want to be a member of Wowos Club, please provide your cellphone number

1. What is your name?

2. Explain the difference between goods and services.

3. Goods in their natural state, for example wood

4. Goods that have been changed from their natural state by production, for example a wooden table

5. Goods that we use every day, for example, knives, forks and plates

6. Goods we can live without such as sports cars.

7. Goods that do not last like food.

8. Goods that last a long time such as furniture.

9. Goods we use to produce products or provide a service, for example machinery or a washing machine in a laundry.

10. Services that we need every day such as waste removal, public transport and electricity.

11. Services that we do not really need to function but are nice to have, for example a garden service.

12. The links between needs and goods, and needs and services, create opportunities for businesses to start up. As businesses develop, and consumers support these businesses, an economy is created.

13. Differentiate between producers and consumers.

14. Includes all the factories and home industries that use raw materials to produce finished goods, such as furniture, jewellery, machinery, baked goods, and so on.

15. Many businesses produce services to meet the needs of consumers, such as financial advice.

16. A farmer could grow grapes and use these to produce wine.

17. Define an economist.

18. Define households.

19. Households also produce goods and services for their own consumption.

20. Washing dishes is a form of household production

21. State one fact about pine trees.

22. Why is wasteful use of resources bad? Explain in detail.

23. What is recycling? Explain in five sentences.

24. What is reusing? Explain in one sentence.

25. Are you a member of the Wowos Club

26. If not a member, do you want to join the Wowos club?

27. If you want to be a member of Wowos Club, please provide your cellphone number