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Goods & Services - Coggle Diagram
Goods & Services
1. Goods
natural resources
coal
roads, fuel energy
grown or made
ex:
iphones, lego, Nintendo Switch
manufactured
fruits, vegetables
grown
2. Services
offer
other parts of country
other countries
locally
producer
make or grow goods, offer services
ex:
teacher
offers teaching service
firefighters
keep people safe
work that someone does for someone else
consumer
buy goods and services
3. How producers &
consumers affect
each other
demand
how much consumers want to buy
case 1:
the demand is high
not enough supply
the price goes up
supply
the amount of something available
case 2:
the price goes down
the demand is low
stores can sell items easily