Chapter 1.1 The Power of Consumers

What are things effective consumers do?

1) Set Goals! 2) Think Critically! 3) Do research! 4) Manage everyday finances! 5) Plan for financial security!

What is a Market Place?

All of the goods and services available for sale to the general public.

What are Services?

Are Actions there are performed for someone (ie. Repairing a car, serving a meal, or caring for a child)

Who are Retailers?

Are people who sell goods and services directly to consumers, strive to offer the right mix of products and to provide helpful services.

What are Goods?

Are physical objects that are produced, such as radios, chocolate chip cookies, and magazines.

What are the 3 roles a person has in Economic?

Consumer, Worker, and Citizen.

What is a Consumer?

Is someone who uses goods and services.