Most people around the world work in jobs in which they produce specific goods and services.
CONTENT ELABORATION
In earlier times, families were much more self-sufficient, providing for themselves the goods and services they needed. As populations and economies grew, it became more convenient for people to buy goods and services in the marketplace. Now, people around the world work at jobs where specific goods and services are produced for an international market.
For example, farmers now specialize in a single crop like corn or soybeans rather than trying to grow everything their family needs, because those goods are available at the local grocery store.
EXPECTATIONS FOR LEARNING
Explain why most jobs produce specific goods and services.
