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Goods & Services (What are goods? (grown (fruits, vegetables), made…
Goods & Services
What are goods?
made
computers, clothes, cars
grown
fruits
vegetables
things that people buy and sell
from natural resources
wood
Producers & Consumers
producer
produce goods & services
consumer
buy goods & services
relation
demand
how much consumers want
high
run out of supply
price goes up
ex) super duper robots
low
fewer people want
price goes down
ex) super robots
supply
things available to cosumers
Where are goods and services from?
locally
from other parts of the country
from other countries
What are services?
work for someone else
ex
fire fighter
bus driver
teacher
babysitter
dentist