CONTENT STATEMENT
People produce and consume goods and services in the community.
CONTENT ELABORATION
People in the community work at jobs where they produce goods and services.
Goods are objects that are capable of satisfying people’s wants (e.g., homes, cars, furniture, food, clothing).
Services are actions that are capable of satisfying people’s wants (e.g., medical care, restaurants, hotels, lawn mowing, babysitting).
People also are consumers in the community. Consumer wants are satisfied by using goods and services.
People can be both producers and consumers.
EXPECTATIONS FOR LEARNING
Demonstrate how people are producers and consumers in the community.