{"id":1382,"date":"2021-04-28T01:15:30","date_gmt":"2021-04-28T01:15:30","guid":{"rendered":"https:\/\/enorcerna.com\/wiki\/what-is\/goods-and-services\/"},"modified":"2021-04-28T01:15:30","modified_gmt":"2021-04-28T01:15:30","slug":"goods-and-services","status":"publish","type":"post","link":"https:\/\/enorcerna.com\/wiki\/what-is\/goods-and-services\/","title":{"rendered":"Goods and services"},"content":{"rendered":"
\n

What are goods and services?<\/h2>\n

The goods and services are goods, objects and activities<\/strong> that seek to satisfy the needs of people. These are the result of a production process carried out by economic agents.<\/p>\n

The main difference between goods and services<\/strong> lies in that the goods are tangible<\/strong>, be it an object or a commodity, while services are intangible<\/strong> and are defined as an activity provided by a service provider.<\/p>\n

Characteristics of goods and services<\/h2>\n

Characteristics of the goods<\/h3>\n

The main characteristics of the goods are the following:<\/p>\n

    \n
  • Materials: <\/strong>goods can be touched, they are tangible, so their transformation is also possible.<\/li>\n
  • Utility: <\/strong>they are capable of satisfying a large number of human desires.<\/li>\n
  • Shortage: <\/strong>goods are scarce because, in general, they are not in abundance, and therefore they almost always have an unrelated value. For example, milk is a rare commodity because it is a limited product.<\/li>\n
  • Transferable: <\/strong>Assets can be transferred between individuals by buying and selling.<\/li>\n<\/ul>\n

    Characteristics of the services<\/h3>\n

    The main characteristics of the services are the following:<\/p>\n

      \n
    • Intangibility: <\/strong>the services cannot be touched, but rather symbolize an action, process or activity.<\/li>\n
    • Variability: <\/strong>The services are always different from each other, there are never 2 equal services since the delivery of each service is carried out by a person or staff in specific places and times. By changing any of these aspects, the service offered changes.<\/li>\n
    • Inseparability: <\/strong>The services provided are not separated from the one receiving the service, but rather the process is simultaneous.<\/li>\n<\/ul>\n

      Difference between goods and services<\/h2>\n

      Below are the main differences between goods and services:<\/p>\n\n\n\n\n\n\n\n\n\n
      Goods<\/th>\nServices<\/th>\n<\/tr>\n<\/thead>\n
      They are tangible.<\/td>\nThey are intangible.<\/td>\n<\/tr>\n
      It is something material.<\/td>\nIt is a process or activity.<\/td>\n<\/tr>\n
      They are homogeneous.<\/td>\nThey are heterogeneous.<\/td>\n<\/tr>\n
      They are transferable.<\/td>\nThey are non-transferable.<\/td>\n<\/tr>\n
      They have stock.<\/td>\nThey do not have stock.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

      Examples of goods and services<\/h2>\n

      Here are some representative examples of goods and services:<\/p>\n

      Examples of goods<\/h3>\n
        \n
      • The food<\/strong> offered by a restaurant.<\/li>\n
      • A cell phone<\/strong>.<\/li>\n
      • A household appliance,<\/strong> be it a coffee maker, a television, etc.<\/li>\n
      • The software<\/strong> from a computer.<\/li>\n
      • The vehicles<\/strong>Either a car or a motorcycle.<\/li>\n
      • A property<\/strong>, be it a house or an apartment.<\/li>\n<\/ul>\n

        Examples of services<\/h3>\n
          \n
        • The service<\/strong> that offers a restaurant (waiters, waiters, valet parking, etc).<\/li>\n
        • The technical service<\/strong> repair of a cell phone.<\/li>\n
        • The Customer Support<\/strong> of a local.<\/li>\n
        • A programmer<\/strong> that encodes the software of a computer.<\/li>\n
        • The repair service<\/strong> provided by a mechanical workshop.<\/li>\n
        • A technician working on plumbing and carpentry repair<\/b>.<\/li>\n
        • Any professional job, be it from law, architecture, engineering<\/b>, etc.<\/li>\n<\/ul>\n<\/div>\n\n\n
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          What are goods and services? The goods and services are goods, objects…<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-is"],"_links":{"self":[{"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/posts\/1382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/comments?post=1382"}],"version-history":[{"count":0,"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/posts\/1382\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/media\/1383"}],"wp:attachment":[{"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/media?parent=1382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/categories?post=1382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/tags?post=1382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}