Goods and Services
What?
effects on each other
Goods
Things that are bought and sold
Service
Producers
consumers
supply
demand
manufactured
grown
computers
fruits
natural resource
paper, t-shirt
someone that works for someone else
doctors
Someone that makes/offer goods
someone that buys goods
amount of goods available
how many people want to buy the goods
high supply - low price
low supply - high price
high demand- high price
low demand - low price