Please enable JavaScript.
Coggle requires JavaScript to display documents.
Goods & Services (What are goods? (made (come from natural resources,…
Goods & Services
What are goods?
things that people buy or sell
made
cars, clothes, computers
come from
natural resources
things we get from nature
water
wood
furniture, homes, pencils and paper
coal
grown
fruits
vegetables
How are producers & consumers related?
producers
people who provide goods or services
consumers
people who by goods or services
relation
producer's supply
amount of something available to consumers
supply > demand
price goes down
consumer's demand
how much consumers want something
supply < demand
price goes up
What are services?
work someone does for someone else
teacher
teach students
firefighter
keep us safe
dentist
keep our teeth healthy
bus driver
take us to other places
can be offered
locally
to and from other places