Goods vs. Services

Goodsnoun

That which is produced, then traded, bought or sold, then finally consumed.

Goodsnoun

}} Something authentic, important, or revealing.

Goodsnoun

freight not passengers

Goods

See Good, n., 3.

Goodsnoun

articles of commerce

Goods

In economics, goods are items that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product. A common distinction is made between goods which are transferable, and services, which are not transferable.A good is an if it is useful to people but scarce in relation to its demand so that human effort is required to obtain it.

Servicesnoun

That which is produced, then traded, bought or sold, then finally consumed and consists of an action or work.

Servicesnoun

plural of service

Servicesnoun

performance of duties or provision of space and equipment helpful to others;