Question

What are two examples of goods and two examples of services

Answer 1

The goods and the services make up the basis of every economy. The goods can simply be defined as merchandise or possessions. The services can be defined as the actions through which help is provided, or work is done for someone else. Example of goods are the food and furniture, with the food being crucial for the survival of the people, while the furniture is an essential part of every home and its practicality and decor. Examples of services are teaching and car repairing. The teaching is crucial for the development of the societies, as through it the people get education, while the repairing of cars is very important as lot of people have them, can not afford to buy new ones all the time, and they need for their daily movement over longer distances.