We are Consumers and Producers
Printed on November 21st 2009Consumers
People who use goods and services to satisfy their personal needs and not for resale or in the production of other goods and services.
Goods
Tangible objects that satisfy economic wants.
Producers
People and firms that use resources to make goods and services.
Services
Activities performed by people, firms or government agencies to satisfy economic wants.
Glossary terms from: http://www.econedlink.org/lessons/index.php?lid=457&page=teacher
