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Goods & Services - Coggle Diagram
Goods & Services
Relationship between producers&consumers
supply
available amount to consumers
demand
how much consumers want
high demand
low supply
price goes up
low demand
high supply
price goes down
Meaning of goods
things
made, manufactured, built
cars, computers, clothes
grown
fruit, vegetables
come from
natural resources
wood
pencil
paper
furniture
made & offered
locally
from other countries
from other parts of the country
Meaning of services
work done for someone else
doctor
firefighter
babysitter
who
producer
make & offer & grow
services
consumer
buy
services