Economy In Your Life

Production can be seen everyday by watching the “How it’s Made” TV show. Distribution can be seen everyday by going to any supermarket or store. Consumption can be seen everyday by going to school because consumption can also mean "to use." For example, we can use the school’s power, and classrooms. Goods are everything around you that you can touch and are objects that you can purchase in a store. Services are jobs that can provide for you, like electricians, teachers, etc.