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Goods and Services - Coggle Diagram
Goods and Services
Consumers & Producers
high demand
low supply
price goes up
supply
available amount to customers
demand
how much customers want
low demand
high supply
price goes down
Goods
things that are made
computers
cars
clothes
things that are grown
fruits & vegetables
natural resources
wood
pencils
paper
furniture
homes
Meaning of Services
work for someone else
firefighter
keep people safe
teacher
service of teaching
bus driver
who
consumers
buy goods & services
producers
make & grow goods
offer services
made & offered