what is goods and service or different b/w ?
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Goods :-
• they can be seen and touched
• they can be stored
• there is a time gap between the production and consumption of goods.
• Example: pen,paper, notebook.
service:-
• they cannot be seen and touched, but felt.
• they cannot be stored.
• there is no time gap between the production and consumption of service
• Example: Teaching, Medical care, plumbing.
Explanation:
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