In this economics video, you will learn the difference between goods and services!
Tips for Parents
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Here's how to talk to your child about it
After watching this video, you learned that goods are things you buy and sell, like toys and groceries, while services are jobs people do for others, like being a doctor or chef.
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Some activities you can do with your child now
- Discuss with your child the difference between needs and wants, using examples from the video such as food and toys. - Take your child to a store and have them identify goods they see, such as toys or groceries. - Encourage your child to think of services they encounter in their daily life, like a doctor or a chef, and discuss why these are important. - Have your child draw a picture or create a collage of goods and services they learned about in the video.
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Pretend play with your child
GAME: "Goods or Services Detective" Instructions: Play the role of a detective with your child. Watch the video together and have your child identify whether each item or job mentioned is a good or a service. Take turns guessing and discussing the difference between goods and services. Have fun solving the mystery of economics together!
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1 take away from the video for your child
"Learning the difference between goods and services teaches us that we need things to live, but we also have wants. Some things we can buy, while others are jobs that people do for us. It's important to understand how we get the things we need and want."
