what is differwnce between goods and services
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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.
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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.
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Goods are the things which we can use .
service is the work done by us.
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