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Robin Nelson
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Lerner Publications Company Minneapolis
, n e r Ma
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Robin Nelson
s
Lerner Publications Company Minneapolis
, n e r Ma
d n s a r e h m c u s a n Z o To avorite c m y f ods a n d o g f o s e c i v se r
Copyright
© 2010 by Lerner Publishing Group, Inc.
All rights reserved. International copyright secured. No part of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means—electronic, mechanical, photocopying, recording, or otherwise—without the prior written permission of Lerner Publishing Group, Inc., except for the inclusion of brief quotations in an acknowledged review. Lerner Publications Company A division of Lerner Publishing Group, Inc. 241 First Avenue North Minneapolis, MN 55401 U.S.A. Website address: www.lernerbooks.com
Library of Congress Cataloging-in-Publication Data Nelson, Robin, 1971– What do we buy? : a look at goods and services / by Robin Nelson. p. cm. — (Lightning bolt booksTM—Exploring economics) Includes index. ISBN 978-0-7613-3913-7 (lib. bdg. : alk. paper) 1. Consumer goods—Juvenile literature. 2. Service industries—Juvenile literature. TO COME 3.€Production (Economic theory)—Juvenile literature. 4. Consumption (Economics)—Juvenile literature. I. Title. HF1040.7.N45 2010 339.4’7—dc22 2009027470 Manufactured in the United States of America 1 — BP — 12/15/09 eISBN: 978-0-7613-5954-8
Contents What Do You Buy?
Goods
page
4
page
Services
6
page
10
Needs and Wants
page
14
Consumers and Producers
Resources
page
page
22
Activities page
28
Glossary Further Reading Index page
30
page
31
page
32
18
What Do You Buy? Have you ever bought sticky, sweet cotton candy? Have you ever paid to have a colorful rainbow painted on your cheek?
4
Cotton candy is a good. The face painter is providing a service. Everything that is
bought or sold is a good or a service!
This woman is painting a design on the boy’s face.
5
Goods Goods are things you can touch. Food, clothes, and toys are goods. Look at all the goods in a toy store! This toy store sells many goods.
6
A marble is a good. When you use money to buy marbles, you are buying goods.
7
mm ! m m M i z p z a! y m m Yu
8
When you buy a pizza, you are buying a good. Goods are everywhere!
9
Services Services are jobs that people do for others. A teacher, a plumber, and a server in a restaurant provide services.
This plumber is fixing the sink.
10
You can buy services. When your bike breaks, you take it to the shop to get it fixed. When it is fixed, you pay the shop money. You are buying a service.
11
Some services create goods. A cook in a restaurant provides the service of cooking a hamburger and french fries for you to eat.
12
The hamburger and french fries are goods. When you give
the restaurant money, you are paying for both goods and services.
These women are paying for goods and services at a restaurant.
13
Needs and Wants Some goods and services are things you need. A need is something you must have.
14
A bed is a need. On cold nights, a blanket is a need too!
ed
service you need.
ne
i s d a go o o o F dy ou Doctors provide a
. 15
Some goods and services are things you want. A want is
something you would like to€have. A video game is a good you want. Toys and music are wants too.
16
A haircut is a service you want. (Well, it’s a service your mom wants!)
17
Consumers and Producers Did you know that you are a consumer and a producer?
A consumer is someone who buys or uses goods and€services.
18
These boys are consumers. They’re buying candy.
You are a consumer when you buy a new toy. You are a consumer when you listen to your teacher read a book.
19
A producer is someone who makes goods or provides services. You are a producer when you make cookies for a bake sale.
20
You are a producer when you wash your mom’s car.
21
Resources To make goods and provide services, we need resources.
Resources are things we use to create goods and services.
22
These cleaning supplies are resources. The girl needs them to do her chores.
Natural resources come from nature. The sun, trees, and water are natural resources.
These crops are growing in a field. They need plenty of sun and water.
23
Human resources are the people who do work. Builders, teachers, and scientists are human resources.
24
These workers are building a house.
Capital resources are goods made by people to make other goods or services. A hammer, a tractor, and a computer are capital resources. Workers use hammers to build houses. A hammer is a capital resource.
25
Resources make goods and services all around you. Fruits and vegetables grow on farms. This woman sells them at a farmers market.
26
What goods and services do you buy?
27
Activities
What Do You Want to Be? What job do you want when you grow up? Will you provide a good or a service? Ask friends what they would like to be. Will they provide goods or services? Make What Do Yo u Want to a chart from Do When Yo u G r ow U p ? Make a Go od their answers. Pr E m il y : m a k e v id e o ga m es N ic h o la s: be a bake r D e r ric k : b e a n a r tis t A b b y: w r it e b o o k s Ja c o b : m a k e m o v ie s A k ir a : m a ke c a rs
28
ovide a Se rvice
Me: be a d o cto r
A le x is: b e a fa m o u s si n g e r C h ris : b e a b a se b a ll p la y e r S o f ia : b e a n a st r o n a ut J o sh : t e a c h k id s
Ka r a h : b e a f ir e f ig h te r D a n ie l: o w n a t o y st o re
Quiz:
Good or Service? Which of these photos show someone providing a service? Which photos show a good?
Answers are on page 31.
29
Glossary capital resource: a thing created by people to make goods and services
consumer: someone who buys or uses goods and services
good: a thing you can touch that is bought or sold human resource: a person who works to create goods and services
natural resource: a thing that comes from nature and is used to create goods and services
need: something you must have producer: someone who makes goods or provides services
resource: a thing used to create goods and services service: work done by someone for others want: something you would like to have
30
Further Reading Andrews, Carolyn. What Are Goods and Services? New York: Crabtree, 2009. Houghton, Gillian. Goods and Services. New York: PowerKids Press, 2009. It’s My Life: Money http://pbskids.org/itsmylife/money/index.html Larson, Jennifer S. Who’s Buying? Who’s Selling?: Understanding Consumers and Producers. Minneapolis: Lerner Publications Company, 2010. Roberson, Erin. All About Money. New York: Children’s Press, 2004.
Answer key for page 29: Goods: hat and gloves, camera, shoes Services: farmer, doctor, firefighter
31 31
Index capital resources, 25 consumer, 18–19
producer, 18, 20–21 resources, 22–26
goods, 5–7, 9, 12–16, 18, 20, 22, 25–29
services, 5, 10–18, 20, 22, 25–29
human resources, 24 wants, 16–17 natural resources, 23 needs, 14–15
Photo Acknowledgments The images in this book are used with the permission of: Reflexstock/Corbis RF/Randy Faris, p. 2; © James P. Blair/CORBIS, p. 4; © iStockphoto.com/Isabel Masse, p. 5; © Tanya Constantine/Blend Images/Getty Images, p. 6; © Todd Strand/Independent Picture Service, p. 7; © iStockphoto.com/Danny Hooks, p. 8; © iStockphoto.com/Lisa F. Young, p. 9; © iStockphoto.com/Catherine Yeulet, pp. 10, 27; © Steve Skjold/Alamy, p. 11; © Eric Futran-Chefshots/Foodpix/Getty Images, p. 12; © RIA/Novosti/TopFoto/The Image Works, p. 13; Reflexstock/Corbis RF/C) Brooke Fasani/ p. 14; © Rob Melnychuk/ Getty Images, p. 15; © iStockphoto.com/rarpia, p. 16; © iStockphoto.com/sonyae, p. 17; © White Packert/Iconica/Getty Images, p. 18; © Kablonk!/Photolibrary, p. 19; © iStockphoto.com/iofoto, p. 20; © Sinibomb Images/Alamy, p. 21; Reflexstock/ Rubberball/Mike Kemp, p. 22; © Claver Carrol/Photolibrary, p. 23; © Lester Lefkowitz/ Stone/Getty Images, p. 24; © iStockphoto.com/Peter Austin, p. 25; © Julie Caruso, p. 26; © iStockphoto.com/Michael Krinke, p. 29 (top left); © iStockphoto.com/Leslie Banks, p. 29 (top center); © iStockphoto.com/Neustockimages, p. 29 (top right); © iStockphoto.com/Christoph Weihs, p. 29 (bottom left); © iStockphoto.com/Carlos Alvarez, p. 29 (bottom center); © iStockphoto.com/Jason Lugo, p. 29 (bottom right); © Sean Justice/Riser/Getty Images, p. 30; Reflexstock/cultura RF/Dave & Les Jacobs, p. 31. Front cover: © Julie Caruso/Independent Picture Service.
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