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Goods and Services - Coggle Diagram
Goods and Services
1. What are goods?
things that are made
clothes
computers
cars
things that are grown
fruits
vegetables
from natural resources
from wood
paper
penciles
furniture
homes
2. What are services?
work that someone does for someone else
teacher
firefighter
dentist
babysitter
bus driver
producer
makes/grows goods
ex) selling photos
offers services
ex) dog-walking
consumer
buys goods/services
3. How do producers and consumers affect each other?
supply
the amount of something available
demand
how much to want something
high demand
run out of supply
price - go up
low demand
enough supply
price - go down
sell more easily