Goods and services

Outcome of human efforts to meet the wants and needs of people

Nº Q2897903 ★★★

Rare · Knowledge

Goods and services

Outcome of human efforts to meet the wants and needs of people

Goods are items that are usually (but not always) tangible, such as pens or pears. Services are activities provided by other people, such as teachers or barbers. Taken together, it is the production, distribution, and consumption of goods and services which underpins all economic activity and trade.

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Datemedian LowHighsales

Sales history

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No sales yet.

Anonymous sales: no buyer or seller shown. Figures count player-to-player sales only.

№ Numbered editions · 0 minted Next #1 · Score ×3
From Wikipedia

Goods are items that are usually (but not always) tangible, such as pens or pears. Services are activities provided by other people, such as teachers or barbers. Taken together, it is the production, distribution, and consumption of goods and services which underpins all economic activity and trade. According to economic theory, consumption of goods and services is assumed to provide utility (satisfaction) to the consumer or end-user, although businesses also consume goods and services in the course of producing their own.

Text: Wikipédia, CC BY-SA 4.0. · Image: Shumdexin Goraliancee (CC BY-SA 4.0) ·

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