ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Goods
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Services
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Consumers
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Economy
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Detailed explanation-1: -Capital goods, such as buildings, machinery, equipment, vehicles, and tools, are physical assets that a company uses in the production process to manufacture products and services that consumers will later use.
Detailed explanation-2: -Physical products include durable goods (like cars, furniture, and computers) and nondurable goods (like food and beverages).
Detailed explanation-3: -Last updated September 2, 2022. Physical products are merchandise, apparel, and other physical goods you sell to customers. If you sell physical products, you’ll need to add at least one shipping or local pickup option to your store.
Detailed explanation-4: -Items: These are physical objects that can be touched and bought and sold. 2. Products: These are physical objects that have been created and are ready for sale.
Detailed explanation-5: -Types of Products – 3 Main Types: Consumer Products, Industrial Products and Services. There are a number of useful ways of classifying products. One of the most basic way was the different ways of making a journey.