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