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Distinguish goods from services?

Answer»
GoodsServices
1. Free and Economic goods.
Ex: air and sunshine
1. Intangible
Ex: brand image 1 pen drive
2. Consumer goods. Ex: TV,2. Heterogeneous
Ex: Music, Consulting physicians etc.
3. Capital goods also called producer goods. Ex: Machines3. Inseparable from their makers Ex: Labour and Labourer
4. Perishable goods Ex: Fish, Fruits, Flower.4. Perishable. Ex: A ticket for a cricket match once the match is over.
5. Durable Goods Ex: table, chair.5. –


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