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Reading Comprehension Worksheets
Economics
What Are Goods and Services?

Economics
Economics


What Are Goods and Services?
Print What Are Goods and Services? Reading Comprehension with First Grade Work

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Print What Are Goods and Services? Reading Comprehension


A Short Reader

Reading Level
     edHelper's suggested reading level:   high interest, readability grades 1 to 3
     Flesch-Kincaid grade level:   2.86

Vocabulary
     challenging words:    money, need, people, basis, food, also, apple, cook, dance, doctor, earn, goods, itself, might, other, place


What Are Goods and Services?
By Cindy Grigg
  

1     People need money to buy food and clothes. They need money to pay for a place to live. People work to earn money. They spend money on goods and services. What are goods, and what are services?
 
2      Goods are things. Goods can be touched. Goods can be used or consumed. Food, books, and clothes are goods. A good such as an apple might be used just once. Some goods, such as books, can be used over and over again.
 
3      Services are things we pay someone else to do for us. When we go to the doctor, we buy a service. Some services we buy are haircuts, movies, and dance lessons. When we buy a service, we don't get a thing we can touch. But we do get something we need or want.

Paragraphs 4 to 6:
For the complete story with questions: click here for printable



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