Final answer:
Services have five distinctive characteristics, including 'pure service' which is true.
Step-by-step explanation:
True
A service is considered an economic product because people pay for it, just like they would pay for a good. While goods are tangible items that we receive, services are intangible. Examples of services include haircuts, insurance, dental visits, and banking.
Pure service is one of the distinctive characteristics of services. It refers to a service that is intangible, perishable, inseparable from the provider, and variable in quality. For instance, when you go to a salon for a haircut, you are receiving a pure service.