Ch06. Markets. Consumers and producers

• Economie
• Middelbare school
• vwo
• Leerjaar 3

Welcome

3 TVWO | 2020-2021

Chapter 6

Markets

Today's learning outcome

By then end of this lesson you should be able to explain the difference between:

- consumers and producers

- goods and services

- consumption and investment

Consumers

Consumers buy goods and services to meet their needs.

Producers

Producers are private companies or the government who deliver goods and services.

Have you ever sold
anything yourself?

1. Yes, I have sold anything myself.
2. No, I have never sold anything myself.

Assume that you have sold anything yourself.

Are you a consumer or a producer?

1. Consumer
2. Producer

What have
you sold?

Goods

Tangible products

or

material products

Primary Vs. luxury goods

Necessary Vs. not necessary

Services

Intangible products

or 

non-material products

Goods

Services

Me teaching you guys.

Is it a good or a service?

1. Good
2. Service

Consumption

Buying good and services to satisfy your needs.

Investments

Buying goods and services to use in the production proces, so to achieve your company goals. 

Lidia buys flowers because the look beautiful in a vase on the dining table.

1. Consumption
2. Investment

Madeline, as a garden decorator, buys flower to plant in a customers garden.

1. Consumption
2. Investment

Homework

Chapter 6

Assignment 6.13 until and including 6.16