What is the difference between a good and a service?
AA good is expensive and a service is cheap
BA good is something you can touch and own, while a service is work someone does for you
CA good is something only adults buy
DThere is no difference
A good is a physical thing you can touch, hold, and own — like a book, a sandwich, or a pair of shoes. A service is work that someone does for you — like a doctor examining you, a teacher teaching you, or a plumber fixing your sink. The key difference is that goods are things and services are actions.
Question 2 True / False
A haircut is a service, not a good.
TTrue
FFalse
Answer: True
A haircut is a service because it is work that someone does for you. The barber or stylist uses their skills to cut your hair. You cannot pick up a haircut and take it home in a bag — it is an action, not a physical thing.
Question 3 Short Answer
Name two goods and two services your family uses.
Think about your answer, then reveal below.
Model answer: Goods: groceries (food) and clothing. Services: a doctor who provides medical check-ups and a teacher who provides education. Other examples of goods include books, furniture, and cars. Other services include house cleaning, car repair, and mail delivery.
A good answer correctly identifies physical items as goods and jobs done for people as services. It shows the child can tell the difference between something you receive as a thing versus something someone does for you.
Question 4 Multiple Choice
Which of these is a service?
AA loaf of bread
BA new backpack
CA dentist cleaning your teeth
DA gallon of milk
A dentist cleaning your teeth is a service — it is skilled work someone does for you. The bread, backpack, and milk are all goods because they are physical things you can touch, carry, and own.
Question 5 True / False
A restaurant provides only goods, not services.
TTrue
FFalse
Answer: False
A restaurant provides both goods and services. The food you eat is a good — it is a physical thing. But the cooking, serving, and cleanup are all services — work that people do for you. Many businesses provide both goods and services together.