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  • Goods or Service? Meat from livestock form.
    Goods
  • Type of income that is in the form of currency, bills, coins, and cheques
    Money Income
  • Type of income that is in the form of flow of goods and services available.
    Real income
  • Give 5 examples of "Services"
    Carpentry, plumbing, painting, electrical installations, Baking, cooking, catering services, tutorial
  • Goods or Service? Fruits and vegetables
    Goods
  • Payment received by older members of the family for their labor or services they render to other people.
    Salary, wages
  • Complete the sentence “The human basic needs are ___, ___, ____ and ____. The family’s basic needs determine its goals as these are necessary in everyday life”
    “The human basic needs are food, clothing, shelter and education. The family’s basic needs determine its goals as these are necessary in everyday life”
  • It is the sum of money paid regularly, usually on a monthly basis to people who are too old to work.
    Pension
  • Enumerate the six sources of family income
    Capital grains, Rental/sales, Child support, Dividends from investments, Salary, wages, Social Security- Pensions and other assistance
  • Goods or Service? Plumbing
    Service
  • It is a share from the profits received by a stockholder or by a policy holder in a mutual insurance society.
    Dividends from investments
  • Give 3 examples of "Goods"
    Fruits and vegetables from a farm or a backyard, Eggs from raising poultry, Meat from livestock form.
  • Goods or Service? Tutorial
    Service
  • The amount that comes from the sale of a family’s capital asset like a piece of land, a building, tools and machine, etc., sold at a much higher price.
    Capital grains
  • Goods or Service? Gifts
    Goods