Louisiana Riches

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Louisiana Riches

• 3rd grade - Unit 5

Katonya Beaubouef Herod Elementary
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Goods
Things that people make or grow.
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Services
Jobs that people do to help others.
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Needs
Things we must have to live.

• Food
• Clothes
• Shelter
• Health care

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Wants
Things we like to have, but do not need.

• Playstation
• games
• bike
• skateboard

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Consumers
People who buy goods services.
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Producers
People that make (produce) goods so that
consumers can buy them.
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Consumers producers
depend on each other for the things that they
need.
Explain how these people depend on each other.
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Manufacture
- to make goods.
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Economic wants

• Goods services that have a cost things that
  you must pay for to receive.

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Capital resources

• Things we use that people make.

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Natural resources

• Things we use that are found in nature.

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Human resources

• People who have a job

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abundant

• Things that are easy to find.

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scarce

• Things that are difficult to find