ECONOMICS
HUMAN CAPITAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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spending
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credit
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interest
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charity
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Detailed explanation-1: -Consumer services are intangible products or actions that are typically produced and consumed simultaneously. Common examples of consumer services are haircuts, auto repairs, and landscaping.
Detailed explanation-2: -Goods are tangible items sold to customers, while services are tasks performed for the benefit of the recipients. Examples of goods are automobiles, appliances, and clothing.
Detailed explanation-3: -What Are Capital Goods? Capital goods are physical assets that a company uses in the production process to manufacture products and services that consumers will later use.
Detailed explanation-4: -Consumer spending examples Services include things like a haircut, plumbing, TV repair, auto repair, medical care, financial planning, concerts, travel, and landscaping.