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Goods and Services - Coggle Diagram
Goods and Services
Goods
natural resources
wood
furniture
homes
pencils
made or grown
manufactured
iphones
sofa
cars
grown
fruit, vegetables
Services
can be offered
locally
other parts of
the country
ex} Ulsan, Suwon..
other countries
producer
who makes or offers goods and services
work for someone else
taxi drivers
lawyers
teachers
Zooey♥
consumer
who buys goods and services
How producers
and consumers
affect each other
demand
how much consumers want
case 1
high demand
not enough supply
the price may go up
supply
available to consumers
case 2
low demand
the price may go down
stores can sell them
more easily