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18 December, 07:31

Explain terms 'good' and 'service' and give 3 examples in each case

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  1. 18 December, 07:52
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    Answer with Explanation:

    I believe the question is related to Economics.

    A "good" refers to a physical item or a material thing that is being sold to customers for a particular price. This is tangible in nature.

    Examples:

    bag shoes lotion

    A "service" refers to skills, facilities, amenities, talents, and other intangible things than can be provided to customers for a particular price.

    Examples:

    A customer being transported to his desired place or destination. A pianist playing his piece at a musical concert. A hairdresser fixing the customer's hair.

    So, this explains the answer.
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