157k views
1 vote
The basic difference between a good and a service is that a good

1 Answer

3 votes

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.

User Usman Imtiaz
by
8.2k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.