Search results
Results From The WOW.Com Content Network
Goods are items that are usually (but not always) tangible, such as pens or apples. 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.
In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, goods and services.The utilised amounts of the various inputs determine the quantity of output according to the relationship called the production function.
Consumables (also known as consumable goods, non-durable goods, or soft goods) are goods that are intended to be consumed.People have, for example, always consumed food and water.