English, asked by huriasiddique08, 4 months ago

what is differwnce between goods and services​


Anonymous: Goods are tangible, as in these have a physical presence and they can be touched, while services are intangible in nature. The purpose of both goods and services is to provide utility and satisfaction to the consumer.

Answers

Answered by KaranMudgil
1

Answer:

Goods and services are an essential part of an economy, and these two terms are used in most of the important economic discussions.

There are many products that a consumer purchases in order to fulfill their certain requirements. These products can be either in the form of goods or services.

Goods are tangible, as in these have a physical presence and they can be touched, while services are intangible in nature.

The purpose of both goods and services is to provide utility and satisfaction to the consumer.

Answered by spoidy87
1

\huge{\underline{\mathfrak{\pink{answer}}}}

Goods are the things which we can use .

service is the work done by us.

Similar questions