Question

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

Answer 1

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.