| Goods | Services |
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: Machines | 3. 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. – |