Title: Consumers

Homework: Fill in the gaps with words from the video that we saw. You can watch the video again if you need help. You can do the activity as many times as you want.

Q: Consumers are people who use goods and [...] to satisfy their personal needs and not for resale or the [...] of other goods and services. Consumers [...] goods and services to [...] their economic wants. Goods are [...] items that can be held or touched like clothes or food and cars. Services are actions that give economic [...] such as a repair of a kitchen sink or the delivery of a package. Generally, services are actions done to you or for you. Since consumers have a limited amount of [...], they have to make [...] on what to buy. For instance, repairing an old pair of shoes, a service, may be less expensive than buying a new pair, a good. However, it may be more satisfying to own a new pair. Every decision has an [...] cost, Consumers compare costs and benefits before making a [...].
A: services; production; purchase; satisfy; tangible; benefit; resources; decisions; opportunity; choice