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