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Meaning of goods and services.
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[QUOTE="KIP254, post: 73663, member: 26881"] Goods refer to anything that is tangible, thing that can be touched and seen, and used by human beings to satisfy their wants. Goods may include maize, beans, sugar and vegetables. Goods have money value. Service is any act that is tangible that one person offers to another person. Services include teaching, banking, transport, security and medical care. Services are intangible, that is they cannot be touched or felt. Services cannot be separated from the provider and can be exchanged for money. [/QUOTE]
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