Goods and services
Goods are physical objects that people make. They can be seen and touched. Some can be consumed, like food, paper, bread. Others can be used over and over again, like clothes, cars, and houses, and they slowly wear out or need repairing.
Services are actions that people perform for others, such as a doctor checking on their patient, or your teacher explaining to you about a concept in history.
Services are actions that people perform for others, such as a doctor checking on their patient, or your teacher explaining to you about a concept in history.