SSKE3 The student will explain how money is used to purchase goods and services.

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• SSKE3 The student will explain how money is used
  to purchase goods and services.
• Distinguish goods from services.

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SSKE2 The student will explain that people earn
income by exchanging theirhuman resources
(physical or mental work) for wages or salaries.
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Let's learn about how we get money!
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How do you get your money?
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allowance

• Taking out the trash
• Washing the dishes
• Doing your homework
• Reading a book
• Cleaning your room
• Making your bed
• Taking care of the pets
• Setting the table
• Practicing your instrument
• Helping to cook
• Watering the plants
• Sweeping or vacuuming
• Cleaning the bathroom

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earning money by providing services
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Do the following persons earn income by providing
a service or by providing goods
(or product)?
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goods
service
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goods
service
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goods
service
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service
goods
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service
goods
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service
goods
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service
goods
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goods
service
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(No Transcript)
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Income-payment in money for services or work, or
from property or investments.
Service-work done by one person or group that
benefits another
Product-a physical object that is created, bought
or sold by a business capable of being delivered
to a purchaser and involves the transfer of
ownership from seller to customer.