Answer:
The basic difference between a good and a service is that a good is a tangible, physical product, while a service is intangible and involves performing an action or providing a task. Goods are typically something you can touch, see, and possess, like a smartphone or a car. Services, on the other hand, involve actions, skills, or expertise provided to customers, such as healthcare, education, or legal advice, and are not physical products that you can hold in your hand.