Chapter 1 Basic Economic Concepts Section 1.1 A Look at Wants and Needs Mathematics Chapter 1 Reading Tables Directions Businesses make profits by providing goods and services that satisfy consumers' wants and needs. Use the table to answer the questions . A check mark () indicates the characteristics of each type of business. Goods Service Want Need Public Private Restaurant Grocery store Post office Hair salon Discount clothing store 3 / Movie theater Electric company 1. Which businesses fulfill public wants? 2. Which businesses focus on both goods and services? ghts reserved 3. If you were hungry and only had $12, explain where you would spend your money. O