Please enable JavaScript.
Coggle requires JavaScript to display documents.
Goods and Services - Coggle Diagram
Goods and Services
What?
Goods
something made/grown
computers, cars, clothes, eraser, house,...
made
vegetables, fruit, ...
grown
paper, furniture,desk,...
natural resource
services
work someone does for someone else
doctors, teacher, dentist
Producer
someone that makes goods/service
selling photos, you're producer
Consumer
someone buying goods/service
Demand
how much people want to buy it
Supply
how much is offered
Relationship
High demand: a lot of consumers want
price goes up
less people want to buy it
high supply: a lot of goods are available
price goes down
low demand
price goes down