Topic: Essential providers of goods and services
Understanding Goods and Services People buy, use, and exchange goods and services.
A good is a physical item that can be bought, touched, and used.
A service is the action done for people who pay for the service.
Here below are some goods and services
1. Flowers (GOOD)
2. Paint (GOOD)
3. Baker making cookies (SERVICE)
4. Car (GOOD) 5. Doctor giving a shot (SERVICE)
6. Flying a plane (Service)
7. Apples ( Good)