Please enable JavaScript.
Coggle requires JavaScript to display documents.
💸 Goods & Services 👩🚒 - Coggle Diagram
💸
Goods &
Services
👩🚒
Goods
things that are made or grown
clothes, computers, cars
manufactured
fruits, vegetables
grown goods
natural resources
ex: wood
furniture
homes
paper
Services
work
someone does for someone else
ex:
teacher
provides teaching service
firefighter
keeping people safe
offered
other parts of the country
other countries
locally
producer
make or grow goods, offer services
consumer
buy goods or use services
How producers &
consumers affect
each other?
supply
the amount of something
availabe to consumers
demand
how much people want to buy
ex:
ex 1:
demand is high
low supply
the price may go up
ex 2:
demand is low
the price can go down
stores can sell items more easily