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Goods and Services - Coggle Diagram
Goods and Services
Relationship between producers and consumers
demand
how much consumers want
low demand
high supply
price goes down
supply
available amount to consumers
high demand
low supply
price goes up
2.Meaning of services
work for someone else
teacher
bus driver
dentist
who
producers
makes& grows
goods
offer
services
consumers
buy
goods and services
made & offered
from other parts of country
from other countires
locally
Goods
things
made
ex) cars, bikes
grown
ex) fruit, vegetable
come from
natural resources
wood
ex) paper, homes