Every day, we come across things we can buy or use. These things are called goods and services. Knowing the difference between them helps us make smart choices when we shop. Let’s learn more about goods and services!
Goods are things you can touch and own. They are items you can buy, sell, and keep. Goods can be things you use every day or special items. Here are some things to know about goods:
Services are different from goods. They are actions or tasks that someone does for you, and you pay for them. You can’t touch services like you can with goods. Here are some things to know about services:
Let’s see how goods and services are different:
Try to guess if these are goods or services:
Knowing the difference between goods and services helps us understand what we are buying. Next time you shop, ask yourself, “Am I buying a good or a service?” This will help you make smart choices and understand how things work in the world around you!
Goods and Services Scavenger Hunt: Go on a scavenger hunt around your home or classroom. Find three items that are goods and three examples of services you or your family use. For each item or service, explain why it is a good or a service. Share your findings with a friend or family member.
Create a Goods and Services Collage: Use old magazines, newspapers, or printed images to create a collage. Cut out pictures of goods and services and glue them onto a piece of paper. Label each picture as a good or a service. Display your collage and explain your choices to the class.
Role-Playing Activity: With a partner, take turns acting out different scenarios where one of you provides a service, and the other receives it. For example, pretend to be a hairdresser and a customer, or a teacher and a student. Discuss how it feels to give and receive services and how they differ from goods.
