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Answer :
Final answer:
Goods are tangible items that can be purchased or consumed, while services are intangible actions or performances provided to satisfy a need or want.
Explanation:
Goods refer to tangible items that can be purchased or consumed, such as food, clothing, and electronics. They are physical products that can be touched and seen. For example, a laptop or a pair of shoes are goods.
Services, on the other hand, are intangible actions or performances that are provided to satisfy a need or want. They cannot be held or possessed. Examples of services include haircuts, transportation, and medical check-ups.
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