hello my name is Kylie and welcome to producers consumers goods and services
in this video you'll learn about things that are made for people to buy and use
shopping can be more fun when you think about where how and by whom an item or
service is made let's get shopping
people who make a product or provide a service for sale are called producers
the word produce means to make something people who buy these items or pay for
these services are called consumers the word consumer comes from the verb
consume which means to use up eat or take something in producers produce and
consumers consume
here are some example producers of goods carpenter chef seamstress or dressmaker
and farmer here are some examples of producers of services dentist car
mechanic computer repair technician and artist anyone who buys a product from a
producer is a consumer what is the last item or service you bought if you have
ever bought anything you have purchased it you already know you are a consumer
are you also a producer if you've had a lemonade stand made something for a
craft fair or I made something to sell for a charity event you are a producer
it is also important to know that there are specific terms or words used to
describe the things or services that people produce goods are actual objects
that producers make or grow these Goods can be seen used or touched they have a
specific quantity or amount to be used here is a farmer with 12 watermelons for
sale he produced the watermelons which are goods he has a certain quantity
available 12 food drinks clothing school supplies gasoline and hairspray are all
goods pause the video for a couple of seconds and take a look around the room
you are in can you list any goods that are in the
room you may have listed things like chair computer desk clock or even the
clothes you are wearing there are also services that can be
purchased producers provide services rather than make them services can also
be thought of as a job someone does for someone else
for example if someone were to hire you to wash their dog you are providing a
service dog washing some other services you could provide if you are old enough
and your parents approve are grass cutting raking leaves shoveling snow
carrying in groceries babysitting pet-sitting dog walking or even cleaning
if you've ever done any of these you are a service provider
let's complete a chart together in the left-hand column I'll provide a good or
a service can you tell me whether it is a good or a service
how about potatoes they are a good okay so what about notebook paper paper is
also a good haircut gimme me a haircut is a service crayons they're good car
wash this is a service how did you do have you designed anything to sell in
your shop on our site it's not why don't you go to the design studio that you can
find out my world tab and try it you could be a producer making a good your
art hopefully a consumer will purchase it to learn about setting prices for
your items in our shop check out our video how prices are set well that wraps
it up for this video about producers consumers goods and services until next
time be productive and always be clever
you