Questions: Activity 12.1 Copy this table and tick the correct box for each product. Product Consumer good Consumer service Producer good Producer service --------------------------------------------------------------------------------------------------- Tube of toothpaste Bottle-filling machine Bank account Pair of sports shoes Chocolate bar Doctor's treatment of a patient Office cleaning Factory building Purchase of a hospital bed Television programme

To categorize each product in the table, we need to understand the definitions of consumer goods, consumer services, producer goods, and producer services:

1. Consumer Goods: Tangible items purchased by individuals for personal use.
2. Consumer Services: Intangible services provided to individuals for personal use.
3. Producer Goods: Tangible items used by businesses to produce other goods or services.
4. Producer Services: Intangible services provided to businesses to aid in production or operations.

Now, let's categorize each product:

1. Tube of toothpaste:

   • Consumer Good: Toothpaste is a tangible item purchased by individuals for personal hygiene.

2. Bottle-filling machine:

   • Producer Good: This is a tangible item used by businesses in the production process, such as bottling beverages.

3. Bank account:

   • Consumer Service: A bank account is a service provided to individuals for managing personal finances.

4. Pair of sports shoes:

   • Consumer Good: Sports shoes are tangible items purchased by individuals for personal use, such as sports or casual wear.

5. Chocolate bar:

   • Consumer Good: A chocolate bar is a tangible item purchased by individuals for personal consumption.

6. Doctor's treatment of a patient:

   • Consumer Service: This is an intangible service provided to individuals for personal health care.

7. Office cleaning:

   • Producer Service: This is an intangible service provided to businesses to maintain a clean working environment.

8. Factory building:

   • Producer Good: A factory building is a tangible asset used by businesses for production purposes.

9. Purchase of a hospital bed:

   • Producer Good: A hospital bed is a tangible item used by healthcare facilities to provide services to patients.

10. Television programme:

    • Consumer Service: A television programme is an intangible service provided to individuals for entertainment.

Here is the completed table with the correct categories ticked:

\[ \begin{array}{|c|c|c|c|c|} \hline \text{Product} & \text{Consumer Good} & \text{Consumer Service} & \text{Producer Good} & \text{Producer Service} \\ \hline \text{Tube of toothpaste} & \checkmark & & & \\ \hline \text{Bottle-filling machine} & & & \checkmark & \\ \hline \text{Bank account} & & \checkmark & & \\ \hline \text{Pair of sports shoes} & \checkmark & & & \\ \hline \text{Chocolate bar} & \checkmark & & & \\ \hline \text{Doctor's treatment of a patient} & & \checkmark & & \\ \hline \text{Office cleaning} & & & & \checkmark \\ \hline \text{Factory building} & & & \checkmark & \\ \hline \text{Purchase of a hospital bed} & & & \checkmark & \\ \hline \text{Television programme} & & \checkmark & & \\ \hline \end{array} \]