What Are Goods and Services?
What are goods and services?
Talk about when you have used goods or services.
Watch as Hippo tells about goods and services that artists provide.
Distinguish between goods and services
Lesson Guide (Coaching Guide)
Before beginning the lesson, read the Essential Question to your student. Have your student share any thoughts about the question.
Discuss the following questions with your student:
When you go to the grocery store, what can you buy?
Possible response: food and drinks.
When you go to mall, what can you buy?
Possible responses: clothes; shoes; coats.
: an item or merchandise. Explain that when you go to the grocery store or the mall, you can buy something to carry out with you; these things are goods.
When you go to the dentist, what can you buy?
Possible response: I can pay to have my teeth cleaned or a cavity filled.
When you go on a subway train, what can you buy?
Possible response: I can pay for a ride to a new place.
: work performed by one person for another. Explain that when you go to the dentist or on a subway train, you pay so that someone will do something for you or help you. The dentist takes care of your teeth, and the subway driver gets you to where you need to go. These are called services.
What is another example of a good and another example of a service?
Possible response: Toothpaste is a good; a bank offers a service.
Have your student watch the animation.
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