2. “GOODS AND SERVICES”
GOODS
A good is something that we all
can use, touch, and hold in our
hands.
Goods are always identified as
things or objects.
3. .
“GOODS”
Goods are things that, we can buy, can touch and can
use in our day-to-day life.
Can we buy apples?
Can we touch apples?
Then the apples are goods. Can we touch and buy a
bat, ball, cap, pen, or pencil?
These are some of the examples of goods.
11. .
“GOODS”
Goods are material items that you can purchase.
Anything that you can find in a grocery store, shopping mall, home
improvement shop, farmer's market or any other store is good.
Examples of goods are automobiles, appliances, clothing, etc.…
12. “GOODS”
WHAT ELSE CAN BE GOOD?
Imagine a few goods that we use in our daily life and write them down.
1. ____________ 6. _____________
2. ____________ 7. _____________
3. ____________ 8. _____________
4. ____________ 9. _____________
5. ____________ 10. _____________
13. “GOODS AND SERVICES”
WHERE DO GOODS
COME FROM?
SOME GOODS ARE
PRODUCED BY FARMERS.
SOME GOODS ARE MADE
IN A FACTORY.
14. “SERVICES”
A service is an activity that, people do to
help others.
Some producers offer services instead of
goods.
Example:
- Hair stylists offer hair cuts.
- Doctors offer medicine and healing.
- A trainer offers help with fitness.
These are all Services, not Goods.
15. Community helpers are people
who provide services to us.
Some of our community helpers
are paid by our government.
Example: Postman, Military
officers, Sanitation workers, etc.
“SERVICES”
21. “SERVICES”
WHAT ELSE CAN BE SERVICES?
Write down few other services that, we are benefited out of it.
1. ____________ 6. _____________
2. ____________ 7. _____________
3. ____________ 8. _____________
4. ____________ 9. _____________
5. ____________ 10. _____________
35. “DIFFERENCE BETWEEN
GOODS AND SERVICES”
Goods: Physical objects that have been
produced for sale or use.
- Examples: Food, Clothing, etc…
Services: Work done by someone else for
which, a consumer, business, or government
is willing to pay.
- Examples: Teaching, Cleaning, etc…
37. The difference between goods and services
GOODS SERVICES
They can be seen and touched. They cannot be seen and touched, but
felt.
They can be stored. They cannot be stored.
Example: Pen, Paper, Notebook, etc. Example: Teaching, Lawyer, etc.
38. The difference between goods and services
Basis of Comparison Goods Services
Nature Tangible
(we can see, touch and use)
Intangible
(can only be felt)
Ownership We can own or use any goods We cannot own a service. Either we
provide the service or someone can
serve us.
Separable Goods can be separated from the
seller.
Services cannot be separated from
the person who is providing the
service.
Storage Goods or any objects can be stored
for longer period.
Services cannot be stored in one
particular place.
Perishable Not all goods are perishable.
We cannot preserve all the goods.
Services are perishable.
For example: if a teacher quits
his/her job they no longer do the
service by educating.
39. Assessment:
1. A good is something that _____________.
a. You can use b. You can touch c. Satisfies wants d. All of the
above
2. A service is _______________.
a. A job people do for others b. Paid for by a consumer c. Satisfies
wants d. All of the above
“GOODS AND SERVICES”
40. Answers:
1. A good is something that _____________.
a. You can use b. You can touch c. Satisfies wants
d. All of the above
2. A service is _______________.
a. A job people do for others b. Paid for by a consumer c. Satisfies
wants d. All of the above
“GOODS AND SERVICES”
41. PROFESSIONS AND PROFESSIONALS
What is a Profession?
A profession is a job at which someone works and for which they have
had training.
It is what they do to get money or a living.
People often study for years to do their job.
These are called "learned professions".
Examples of a profession would be an IT profession/employee,
Plumber, Social workers, etc.
42. PROFESSIONS AND PROFESSIONALS
What is a Profession?
Profession is an activity that
requires specialized training,
knowledge, qualification, and
skills.
Example: Drivers, shopkeepers, a
government servants, clerks,
accountants, etc.
43. PROFESSIONS AND PROFESSIONALS
Who are Professionals?
A professional is someone who has a specialized job that only very well-
trained people can perform, such as Doctors, and Athletes.
Someone who works in a profession is called a Professional.
People with these occupations are known as professional occupations.
They may often get paid more than other people.
Example - In sport, a professional is someone who is paid to play.
Doctors, Lawyers, Teachers, Engineers, Chartered Accountants,
Actors, etc.. are some of the best examples of professionals.
45. PROFESSIONS AND PROFESSIONALS
Police are a group of people whose job is to
enforce laws, help with emergencies, solve
crimes and protect people and property.
46. PROFESSIONS AND PROFESSIONALS
The lawyer’s primary duty is to understand the
rules and regulations of the Law and to argue
for their client's case and provide the service.
48. PROFESSIONS AND PROFESSIONALS
An engineer is a person who provides their
services by designing, and building complex
products, machines, systems, or structures.
49. PROFESSIONS AND PROFESSIONALS
An accountant is someone who studies and
serves us or any company to keep track of
financial information.
50. PROFESSIONS AND PROFESSIONALS
An actor is a person who acts or has a role (a
part) in a movie, television show, play, or
radio show.
52. PROFESSIONS AND PROFESSIONALS
A vegetable vendor is a person who owns or
operates a shop selling primarily fruit and
vegetables.
53. PROFESSIONS AND PROFESSIONALS
Do you know who is making our birthday cakes?
A baker is a person whose job is to bake and sell bread, pastries,
and cakes.
54. PROFESSIONS AND PROFESSIONALS
A cook is ‘someone who prepares and cooks
food’, while a chef is ‘a skilled and trained
cook who works in a hotel or restaurant’.
55. PROFESSIONS AND PROFESSIONALS
A bus driver, or bus operator, is a person who
drives buses for a living.
Bus drivers are responsible for transporting
people safely from one place to another on a bus.
56. PROFESSIONS AND PROFESSIONALS
PRODUCER GOOD/SERVICES
(POSSIBLE ANSWERS)
Taxi, Bus, Truck Driver Transports people from one place to another
(service)
Farmer He produces wheat, millets, rice, etc. For our
consumption.
Farmer’s action - service
Farmers produce - vegetables, rice, etc. - goods
Teacher Teachers help individuals to grow and progress in
life. (service)
57. PROFESSIONS AND PROFESSIONALS
VEGETABLE VENDOR
I want to buy some
vegetables.
(GOOD)
I want to pay the
vegetable vendor for
giving me some
vegetables.
(SERVICE)
59. w
In our daily life, we come
across a variety of goods and
services.
When we are hungry, we
take food.
When we are thirsty, we take
water.
GOODS AND SERVICES WE USE ON A DAILY BASIS
60. We are in need of many goods such as
a pen and paper to write, a house to
live in, chairs to sit on, a washing
machine to wash the clothes.
Television to watch the programs etc.
All these are examples of goods that
satisfy our wants.
GOODS AND SERVICES WE USE ON A DAILY BASIS
61. Both goods and services satisfy human wants
on daily basis.
There are a few following scenarios based on
our daily activities.
Try to answer all the questions and find out
whether it belongs to goods or services.
Scenarios for kids to identify if
it's good or a service.
62. o
What is your daily routine?
GOODS AND SERVICES WE USE ON A DAILY BASIS
No.1 - Waking up in the morning
Can you identify the goods that are
given in this image ?
1. WALL C _ O _ K
2. CH_ I_
3. B _ _
4. B_ _ K _
5. T _B_ E
63. o
What is your daily routine?
GOODS AND SERVICES WE USE ON A DAILY BASIS
No.1 -Waking up in the morning
ANSWERS:
1. WALL CLOCK
2. CHAIR
3. BED
4. BOOKS
5. TABLE
64. o
What is your daily routine?
GOODS AND SERVICES WE USE ON A DAILY BASIS
What are the objects/goods we need to brush our teeth?
1. TOOTH P _ S _ E
2. TOOTH B _ U S _
Yes! Toothpaste and a toothbrush are what we need to
brush our teeth.
Can we buy them? Can we touch and use them?
Yes, a good is something that we all can use, touch, and
hold in our hands.
No.2 BRUSH YOUR TEETH
65. o
What is your daily routine?
GOODS AND SERVICES WE USE ON A DAILY BASIS
List out a few goods that, you find in these
images.
1. S _ _ P
2. B _ _ K _T
3. M _G
4. T _ W _ L
5. M _ T
No.3 TAKING BATH
66. o
What is your daily routine?
GOODS AND SERVICES WE USE ON A DAILY BASIS
ANSWERS:
1. Soap
2. Bucket
3. Mug
4. Towel
5. Mat
No.3 TAKING BATH
67. o
What is your daily routine?
GOODS AND SERVICES WE USE ON A DAILY BASIS
Who prepares the breakfast?
Does it come under goods/services?
What did you eat _______ and
what did you use to eat _______ ?
No.4 EATING BREAKFAST
68. o
What is your daily routine?
GOODS AND SERVICES WE USE ON A DAILY BASIS
How do you get to school?
By walk or by school bus or
by two-wheeler?
Write down which one comes under
services.
No.4 GOING TO SCHOOL
69. o
What is your daily routine?
GOODS AND SERVICES WE USE ON A DAILY BASIS
How do you get to school?
By walk -
As you are not getting any help or service from
others.
It neither comes under goods nor services.
No.4 GOING TO SCHOOL
70. o
What is your daily routine?
GOODS AND SERVICES WE USE ON A DAILY BASIS
How do you get to school?
By school bus - the driver provides service by
picking up and dropping at the school safely.
(SERVICE)
By two-wheeler - in case your mother or father
drops you at school, they provide service but
are not specific to any profession like doctor or
teacher.
No.4 GOING TO SCHOOL
71. o
What is your daily routine?
GOODS AND SERVICES WE USE ON A DAILY BASIS
1. What are the goods that, you need to
study, read and write?
2. Who is helping us to complete your
tasks in school?
3. Do they come under goods or services?
No.5 ACTIVITIES IN SCHOOL
72. o
What is your daily routine?
GOODS AND SERVICES WE USE ON A DAILY BASIS
1. Pen, pencil, books & note books, table,
paper, board, chalk, etc..
2. Teachers, Watchman, House keeping.
3. Services.
No.5 ACTIVITIES IN SCHOOL
73. o
What is your daily routine?
GOODS AND SERVICES WE USE ON A DAILY BASIS
What do you do once you reach home?
People who wash and iron your clothes are
called?
Are they providing services or selling
goods?
No.6 GETTING BACK HOME
74. o
What is your daily routine?
GOODS AND SERVICES WE USE ON A DAILY BASIS
Find out the list of the following things
that come under goods or services:
1. Video game - goods/services
2. TV - goods/services
3. Carpenter - goods/services
4. Actors - goods/services
5. Cell phone - goods/services
6. Cricketer - goods/services
7. Computer - goods/services
8. Singer - goods/services
No.7 PLAY AND RELAXATION TIME
75. o
What is your daily routine?
GOODS AND SERVICES WE USE ON A DAILY BASIS
Find out the list of the following things
that come under goods or services:
1. Vegetable vendor - goods/services
2. Plumber - goods/services
3. Toys - goods/services
4. Remote - goods/services
5. Cobbler - goods/services
6. Volleyball - goods/services
7. Farmer - goods/services
8. Popcorn - goods/services
76. o
Answers :
GOODS AND SERVICES WE USE ON A DAILY BASIS
1. Vegetable vendor - services
2. Plumber - services
3. Toys - goods
4. Remote - goods
5. Cobbler - services
6. Volleyball - goods
7. Farmer - services
8. Popcorn - goods
1. Video game - goods
2. TV - goods
3. Carpenter - services
4. Actors - services
5. Cell phone - services
6. Cricketer - services
7. Computer - goods
8. Singer - services
77. o
What is your daily routine?
GOODS AND SERVICES WE USE ON A DAILY BASIS
From morning till night we are using
various goods and services to satisfy our
needs and wants.
Though we are independent humans, still
we depend on various goods and services
to lead our day-to-day life.
No.8 END OF THE DAY
78. Goods alone are not sufficient to fulfill
our wants.
We need the services of different people
for different jobs.
For example, we require a hairdresser
to cut our hair, a doctor to cure us, a
tailor to stitch our clothes, a cobbler for
mending our shoes, a housemaid to
clean our house, etc.
These are a few examples of services
that satisfy our wants.
GOODS AND SERVICES WE USE ON A DAILY BASIS
79. Scenarios for kids to identify if
it's good or a service.
Answer the following questions:
1. Which of the following items are goods.
(a) car
(b) cell phone
(c) mending of shoes
2. Which of the following items are goods.
(a) apples
(b) driving a truck
(c) vegetables
3. Which of the following option comes under Service.
(a) House
(b) Doctor
(c) Pencil box
4. Human wants are satisfied by consuming.
(A) goods
(b) services
(c) both goods and services
(d) none of the above
80. Scenarios for kids to identify if
it's good or a service.
1. Which of the following items are goods.
(a) car
(b) cell phone
2. Which of the following items are goods.
(a) apples
(b) driving a truck
(c) vegetables
3. Which of the following option comes under Service.
(a) House
(b) Doctor
(c) Pencil box
4. Human wants are satisfied by consuming.
(A) goods
(b) services
(c) both goods and services
(d) none of the above
85. Lets color!
Color all the goods in yellow and all the services in red.
Lawyer
Banana Cricketer
Vegetable
vendor
Wall
clock
Gold
AC
Truck
driver
Police
officer
86. Lets color!
Color all the goods in yellow and all the services in red.
Lawyer
Banana Cricketer
Vegetable
vendor
Wall
clock
Gold
AC
Truck
driver
Police
officer
87. Lets color!
Color all the goods in yellow and all the services in red.
Lawyer
Banana Cricketer
Vegetable
vendor
Wall
clock
Gold
AC
Truck
driver
Police
officer
88. Lets color!
Color all the goods in yellow and all the services in red.
Lawyer
Banana Cricketer
Vegetable
vendor
Wall
clock
Gold
AC
Truck
driver
Police
officer
89. Scenarios for kids to identify if
it's good or a service.
Circle all the jobs that make goods from the
given below options:
Baker Nurse Singer
Dentist Farmer Scientist
Chef Pizza maker Bus driver
90. Scenarios for kids to identify if
it's good or a service.
Circle all the jobs that make goods from the
given below options:
Baker Nurse Singer
Dentist Farmer Scientist
Pizza maker Chef Jewelry maker
91. Scenarios for kids to identify if
it's good or a service.
Circle all the jobs that provide services, from
the given below options:
Hair dresser Biscuits Actors
Orange Laptop Books
Dentist Postman Car
92. Scenarios for kids to identify if
it's good or a service.
Circle all the jobs that provide services, from
the given below options:
Hairdresser Biscuits Actors
Orange Laptop Books
Dentist Postman Car
94. Scenarios for kids to identify if
it's good or a service.
Hope you all have understood the
concept of goods and services.
Look around yourself observe and
write down five goods and five
services.