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Goods and Services

In: Business and Management

Submitted By ThureinSoe
Words 401
Pages 2
Goods and Services In economics, need and want are either goods or services and which are sometimes called a commodity. People claims that goods are the things can touch such as pens, longyis, rice, book, as soon on and services are thing that people do for you, or you do for other people, which are the things you cannot touch such as education or healthcare. In economics, a good is a material that satisfies human wants and provides utility, for example, to a consumer making a purchase and a common distinction is made between 'goods' that are tangible property. Moreover, when people want to produce one goods, they need basically, 1. The name. 2. What it look like-pictures. 3. What it does. 4. The cost and why people should buy it. For example, if people produce shoes and the name of the shoes is Addias, which designs is very wonderful and people can use every season even though summer, it costs is 60$ and that brand is very grantee, therefore they should buy that kind of goods. Services are as important as goods and when one goods produce, goods is the first step and the second step is service, but service are things that people cannot touch. For example, when people go to the hospital or clinic, doctor or a medic examines does tests or indicate some medicine. In addition, when people buy a cup of tea in a teashop, they are not only buying tea, water and milk (goods). people are paying for the services of sitting in the teashop, of someone making the tea, bringing it to them and cleaning their cup when they finish. In addition, there two kind of services that is special service such as nails and normal service like waiter serve. To summarize, in economic environment goods and services is the most special thing. Even proficient businessman said that good customer service is the lifeblood of any business or organization.
Fro question,
From Thet Lin Oo 1. Can...

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