Colin O’Dowd
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Colin O’Dowd
Wants- things that add comfort to your life IPod TV Xbox
Needs – things that are required to live Water Food House
Goods Things that you can see and touch
Food TV Computer
Services Activities that are consumed at the same time
they are produced. Have no physical characteristics. Pedicure Haircuts
-Raw materials supplied by Nature Wind Water Oil Soil Rivers Lakes Mines
People producing goods and services Farmers Truck Drivers Factory Workers
Products and money used in production of goods and services Buildings Equipment Supplies
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