Economy, asked by biswassneha576, 8 months ago

The creation of goods and services for the purpose of selling them in the market, is known as ?​

Answers

Answered by kanwarpal88109
0

Answer:

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Answered by Ujalaraj14
0

Answer:

Goods are items that are usually (but not always) tangible, such as pens, salt, apples, and hats. Services are activities provided by other people, who include doctors, lawn care workers, dentists, barbers, waiters, or online servers, a book, a digital videogame or a digital movie. Taken together, it is the production, distribution, and consumption of goods and services which underpins all economic activity and trade. According to economic theory, consumption of goods and services is assumed to provide utility (satisfaction) to the consumer or end-user, although businesses also consume goods and services in the course of producing other goods and services

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