Please enable JavaScript.
Coggle requires JavaScript to display documents.
Economics - Coggle Diagram
Economics
-
Goods
Goods = the items that satisfy human wants, provide utility or usefulness, and are scarce (have limited availability).
-
-
-
-
services
services
Services = an act or use for which a consumer, firm, or government is willing to pay.
-
-
-
-
-
-
-
supply
supply = the amount of a specific good or service that's available in the market. Demand is the amount of the good or service that customers want to buy.
-
primary sector
primary sector = companies that participate in the extraction and harvesting of natural products from the Earth.
-
-
-
-
secondary sector
secondary sector = economics involves manufacturing and construction, transforming raw materials into finished goods.
-
-
-
tertiary sector
tertiary sector = the services sector of an economy, encompassing medical providers, educators, financial services, haircuts, and personal trainers, among many others.
-
-
-
-