goods and services
What markets exchange
Goods and services is the standard economic pairing of things you can buy.
Goods are tangible products—cars, groceries, clothing.
Services are intangible work performed for you—haircuts, legal advice, plumbing repairs.
The phrase appears constantly in discussions of commerce, GDP, and consumer spending: the total value of goods and services produced annually.
- healthcareOrganized provision of treatment
- consumer behaviorPatterns in purchasing choices
- cost of livingPrice of basic necessities
- retailSales to end users
- brick and mortarBusiness with premises
bang for your buck · online shopping · barter · manufacturing · tax revenue · free market · wholesale · supply chain · purchasing power · education · intangible assets · procurement · trade agreements · logistics · entertainment · e-commerce · hospitality · disposable income
- economyGDP, money, inflation, inflation rate, GNP
- equal rightsequal treatment, equal protection, equal pay, equal opportunity, discrimination law
goods and servicesexternalities
Uncompensated effects on others
public goods · bads · disservices · waste · pollution
goods and servicesraw materials
Unprocessed production inputs
natural resources · inputs · capital · labor · feedstock
goods and servicesliabilities
Amounts owed to others
obligations · debts · expenditures · losses
good, goods, goodness, goodly, service, services, serve, served, serving