Definition of Goods in Economics Quiz

<p>Intangible products provided by one party to another</p> Signup and view all the answers

<p>Goods can be stored, while services are consumed immediately</p> Signup and view all the answers

<p>Services involve a direct interaction between the provider and the consumer</p> Signup and view all the answers

<p>Services refer to intangible products or actions that provide value to consumers.</p> Signup and view all the answers

<p>Services are intangible, while physical products are tangible and can be stored for future use.</p> Signup and view all the answers

<p>Goods are tangible products, while services are intangible and cannot be stored or touched.</p> Signup and view all the answers