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The Marketplace

 

Goal:

Goal:

What is a marketplace?

A bookstore, flower shop, supermarket, and a bike shop.

A marketplace is a place where people buy and sell goods and services. Remember, goods are things that help you that you can see and touch. Services are ways that people help each other. For a marketplace to be successful, people must buy and sell goods and services. The people who sell goods or services are called producers. The people who buy goods or services are called consumers. Click on each image below to see some examples.

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People watering vegetables.

A producer is someone who grows or makes goods or someone who provides services. These farmers are growing delicious vegetables to sell at a farmers market.

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People buying vegetables.

A consumer is someone who buys goods or services for themselves. These people are buying the delicious vegetables that the farmers grew.

Producers and consumers both play an important role in the marketplace. In this lesson, we will learn more about how a marketplace works.