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Goods & Services - Coggle Diagram
Goods & Services
Goods
iPhones, shoes, toys
manufactured
fruits, vegetables
grown goods
things that are made or grown
natural resources
coal
fuel energy
roads
Services
ex:
teacher
teaching service
firefighter
keeping people safe
offer
other parts of the country
other countries
locally
work
someone does for you
a producer
makes goods or offers services
a consumer
buys goods and services
How producers &
consumers affect
each other
demand
how much consumers want something
Case 1
the demand is high
the supply is not enough
the price goes up
supply
the amount of something
available to consumers
Case 2
the demand is low
the price goes down
stores can sell items more easily