Louisiana RichesLouisiana Riches3rd grade - Unit 5
Katonya Beaubouef – Herod Elementary
Things that people make or grow.GoodsGoods
Jobs that people do to help others.ServicesServices
•Food•Clothes•Shelter•Health care
NeedsNeedsThings we must have to live.
•Playstation•games•bike•skateboard
WantsWantsThings we like to have, but do not need.
People who buy goods & services.
ConsumersConsumers
People that make (produce) goods so that consumers can buy them.
ProducersProducers
…depend on each other for the things that they need.
Consumers & producersConsumers & producers
Explain how these people depend on each other.
- to make goods.ManufactureManufacture
Economic wantsEconomic wants•Goods & services that have a cost; things that you must pay for to receive.
•Things we use that people make.Capital resourcesCapital resources
Natural resourcesNatural resources• Things we use that are found in nature.
Human resourcesHuman resources• People who have a job
abundantabundant
• Things that are easy to find.
•Things that are difficult to find
scarcescarce