The document distinguishes between needs and wants, with shelter, food, and water listed as needs, and an iPod Touch, new laptop, and new TV listed as wants. It also differentiates between goods, which can be seen and touched, and services, which are activities consumed as they are produced, such as electricity and gasoline. Finally, it lists trees, water, and plants, as well as farmers, factory workers, and truck drivers as resources used in production.

1. Anish Desai Principles of Business and Personal Finance- Block 3

2. Needs Shelter- House Food and Water Money Wants IPod Touch New Laptop New T.V.

3. Goods are things that you can see and touch (drinks and clothes) services are activities that are consumed at the same time they are produced (electricity and gasoline).

4. Services are activities that are consumed at the same time they are produced (electricity and gasoline).

5. Trees Water Plants

6. Farmers Factory Workers Truck Drivers

7. Buildings Equipment Supplies