Louisiana RichesLouisiana Riches3rd grade - Unit 5

Katonya Beaubouef – Herod Elementary

Things that people make or grow.GoodsGoods

Jobs that people do to help others.ServicesServices

•Food•Clothes•Shelter•Health care

NeedsNeedsThings we must have to live.

•Playstation•games•bike•skateboard

WantsWantsThings we like to have, but do not need.

People who buy goods & services.

ConsumersConsumers

People that make (produce) goods so that consumers can buy them.

ProducersProducers

…depend on each other for the things that they need.

Consumers & producersConsumers & producers

Explain how these people depend on each other.

- to make goods.ManufactureManufacture

Economic wantsEconomic wants•Goods & services that have a cost; things that you must pay for to receive.

•Things we use that people make.Capital resourcesCapital resources

Natural resourcesNatural resources• Things we use that are found in nature.

Human resourcesHuman resources• People who have a job

abundantabundant

• Things that are easy to find.

•Things that are difficult to find

scarcescarce