A mechanic, doctor, and chef provide services to people in exchange for money. Services are actions that people perform for others, such as repairing cars, providing medical care, or cooking meals. In contrast, goods can be seen and touched, while services are actions that cannot be held physically. People use money to purchase both goods and services.

1. Remember..
“We trade goods for money!”
“We buy and sell goods in exchange of money”
To give one thing
to get another
thing

2. What does the mechanic do?

3. What does the doctor do?

4. What does a chef do?

5. Do they do it for money?
• A mechanic, a dentist and a chef help people
and do things for money.

6. Services
• Kinds of work people do for others for money.
Money is what people use for
goods and services.

7. What is the difference between
goods and services?
Goods can be seen and touched, such as books,
pencils, food, shoes and clothes.
Services are actions that people do!
You can not hold services in your hands.