What Are Goods and Services? (Let's Find Out!)

With simple examples that are easy to relate to, this basic review of some of the building blocks of economics will help readers easily grasp the concepts. With language that is conversational without being too casual, readers are engaged throughout as they learn about not only these basic concepts but how they fit into the whole economic scheme of things, such as where goods come from. Readers will learn about the three factors of production, as well as what happens when resources are lacking and how that influences the entire economy.