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Goods and Services - Coggle Diagram
Goods and Services
Meaning of Services
work for someone else
firefighter
keeping people safe
teacher
teaching
bus driver
consumers
buy goods & services
producers
make & offer goods & services
made & offered
locally
from other countries
Relationship between consumers & producers
supply
available amount to
customers
demand
how much consumers want
low demand
high supply = price goes down
high demand
low supply = price goes up
Goods
things
made
computers, cars, clothes
grown
fruits & vegetables
from natural resources
wood
pencils, paper, furniture, homes