As you see here, son, this is my Business. I get money from doing a Service by giving people what they want daily.
Thats cool, I want to do a Service, too.
A service is when someone assists you with a want or need. A person that serves you a public or private good.
But dad, what is a service?
A public good is when get something that you need, such as metical check ups, shelter, food, water. A private good is owed by an individual. For example, my phone is a private good.
Do you know what private and public goods are?
No, I don't. What are they?
A want is when you request somthing that is not neccessary for survival, such as a pair of Jordans, a pencil, or paper. A need is somthing that is very neccessary for survival, such as food, water, and shelter.
But dad, what's the difference between a want and a need?
I'm glad that you're my dad. Now I think I know what I'm going to be when I grow up.