Chpt 2: Consumers Flashcards
1
Q
Definition of goods and 2 examples
A
A product that is bought and sold
- food
- cars
2
Q
Definition of services and 2 examples
A
Jobs done for you
- dry cleaning
- hairdresser
3
Q
Definition of state services and 2 examples
A
Services paid for by the state
- roads
- police
4
Q
Definition of a need and 2 examples
A
Something that is essential for your survival
- food
- shelter
5
Q
Definition of want and 2 examples
A
Something extra that will make life more pleasant or comfortable
- I phone
- car
6
Q
Name the factors affecting our needs and wants
A
Age
Circumstances
Value
7
Q
What is the definition of consumers
A
Anyone who buys good or uses services
