Term 1 Topic 3: The Economy: Goods and Services
Self-study: You can use the text book, internet or any other sources to
complete the worksheet.
Answer the questions in your workbook (use the same numbering system)
METHOD: BRAIN, BOOK, BUDY, BOSS
Try to answer the questions alone, use your book and the internet. If you struggle
discus the question with a friend, if neither of you can answer the question ask “Da
Boss”.
Question 1.
1.1. Provide three examples of goods that your family consumes.
1.2. Provide three examples of services that your family uses.
1.3. Provide two examples of businesses that provide personal services.
1.4. Provide two examples of businesses providing commercial services.
___________________________________________________________________
____________________________Question 2
Read the case study and answer the questions.
A baker uses flour, eggs, water, salt, oil, sugar and bicarbonate of soda to bake cakes. He uses, icing sugar and
butter to make the frosting. He mixes the ingredients together using an electric whisk and bakes it in an oven. He
sells the cakes to his customers.
2.1. Identify the consumer good/s.
2.2. Identify the capital good/s.
2.3. Identify the semi-finished good/s.
2.4. Would you say the baker is providing goods or services? Could he be providing
both? Explain your answer.
___________________________________________________________________
____________________________
Question 3
A household is defined as a group of people staying together in a residence
who buy and use goods and services.
3.1. What do your parents/ guardians do for a living? Do they provide goods or
services?
3.2. Explain how they fulfill their roles as both consumers and producers.
3.3. What are taxes?
3.4. Government relies on taxes as a source of income, mention four things
government spends its tax income on.
___________________________________________________________________
____________________________
Question 4
Self-study: You can use the text book, internet or any other sources to
complete the worksheet.
Answer the questions in your workbook (use the same numbering system)
METHOD: BRAIN, BOOK, BUDY, BOSS
Try to answer the questions alone, use your book and the internet. If you struggle
discus the question with a friend, if neither of you can answer the question ask “Da
Boss”.
Question 1.
1.1. Provide three examples of goods that your family consumes.
1.2. Provide three examples of services that your family uses.
1.3. Provide two examples of businesses that provide personal services.
1.4. Provide two examples of businesses providing commercial services.
___________________________________________________________________
____________________________Question 2
Read the case study and answer the questions.
A baker uses flour, eggs, water, salt, oil, sugar and bicarbonate of soda to bake cakes. He uses, icing sugar and
butter to make the frosting. He mixes the ingredients together using an electric whisk and bakes it in an oven. He
sells the cakes to his customers.
2.1. Identify the consumer good/s.
2.2. Identify the capital good/s.
2.3. Identify the semi-finished good/s.
2.4. Would you say the baker is providing goods or services? Could he be providing
both? Explain your answer.
___________________________________________________________________
____________________________
Question 3
A household is defined as a group of people staying together in a residence
who buy and use goods and services.
3.1. What do your parents/ guardians do for a living? Do they provide goods or
services?
3.2. Explain how they fulfill their roles as both consumers and producers.
3.3. What are taxes?
3.4. Government relies on taxes as a source of income, mention four things
government spends its tax income on.
___________________________________________________________________
____________________________
Question 4
