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Money

  •  English    16     Public
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  • What is a choice?
    Choice is an option, a decision, an opportunity to choose or select something.
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  • True or False: Only grown ups make choices.
    Even if you are young, You make choices everyday!
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  • What are the two kinds of choices that you can make?
    Good choices and not so good choices.
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  • What are the choices that we make with money called?
    Economic choices
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  • Name some choices you make.
    We choose which clothes to wear, food to eat, games to play, and many others.
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  • How do families earn money?
    Families earn money by selling goods or services.
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  • What does it mean to earn money?
    We earn when we work, do a job, or provide a service.
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  • Why do we need money?
    We need money to buy goods and services to fulfill our needs and wants. (trade)
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  • What are goods? Give an example of a good.
    Goods are things you can use, consume, keep and touch with your hands.
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  • What are services? Give an example of a service.
    Services are things others do for you. Work or help that is for sale.
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  • Is this an example of a good and service? Why?
    Service.
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  • Is this an example of a good or service? Why?
    A counsellor provides their services.
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  • Is this an example of a good or service? Why?
    The Prime minister and the leaders of the nation provide their services.
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  • Is this an example of a good or service? Why?
    Hybrid example. The florist provide a service and you take the goods (flowers) home.
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  • Is this an example of a good or service? Why?
    Cupcake is an example of good and it is very good indeed!
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  • Is this an example of a good or service? Why?
    Good!
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