Step 1: Refresh your knowledge

GOODS AND SERVICES


Key Terminology/Definitions


Goods -> the physical items that satisfy our needs and wants, and that we can see and touch.

Services -> actions done for you by others which are designed to satisfy your needs and wants.

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In the comments below:
  • Identify 1 good and 1 service in your life.
  • Identify 1 way goods and services are similar and 1 way they are different.




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