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