1 2 Shirley Wilborne Coal Mr Bob Fish

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Coal Mr. Bob Fish Computer Hammer restaurant manager Factory grill Bulldozer land Teacher water Plumber vegetables 3

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Goods Producer Consumer Service A candy bar is a ______________. When you buy a candy bar you are a ________. The company that made the candy bar is a ________. Your teacher is providing a _________. *** Can a person be a producer and a consumer? 6 Shirley Wilborne

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Public Services- schools, libraries, roads, police and fire department and, military. How are these public services paid for? ? ? Taxes- 3 types Income Property Sales What do you think taxes pay for? Libraries? New clothes? Education? Restaurants? Toy? Roads? Haircut? Military? 8

Voluntary Exchange • When everyone benefits from trading something with another. • Let’s watch the video again. http: //www. aetv. com/shows/barter-kings/season 1/episode-10/tips-of-the-trade Who benefited in the video? 9

Where in the World? • Some goods and services are made elsewhere in the country (national) and some are made in other countries (international). • Your education is local. • Cheese is often from Wisconsin, oranges from Florida, and Pineapple from Hawaii. • Many of our clothes are from where? ? ? 10 Shirley Wilborne

Where is it made? • Local, National, or International? • Sweater from China? • Jeans from Mexico? • Georgia peanut? • Pineapple? • U. S. Stamp? • Georgia Peach? 11 Shirley Wilborne

1. Oh Scarcity!(Tune: Oh, Christmas Tree) Oh, Scarcity! We can’t have all the things we want. Oh, Scarcity! We cannot have it all. We really want a lot of stuff. But sometimes there’s just not enough. Oh, Scarcity! 12 We cannot have it all. Shirley Wilborne

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7. Buying and Selling (Tune: Row, Your Boat) Goods, goods are things That we make and use. We’re buying and selling And buying and selling Any goods we choose. Services are things we do That other people use. We’re buying and selling And buying and selling Services that we choose. 14 Shirley Wilborne