Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
444 views
in Introduction To Micro-Economics by (48.5k points)
closed by

Distinguish goods from services?

1 Answer

+1 vote
by (50.8k points)
selected by
 
Best answer

Goods

Services

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

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

...