Definitions for goods and services
goods and ser·vices

WikipediaRate this definition:5.0 / 1 vote

1. Goods and services

   Goods are items that are usually (but not always) tangible, such as pens, salt, apples, and hats. Services are activities provided by other people, who include doctors, lawn care workers, dentists, barbers, waiters, or online servers, a book, a digital videogame or a digital movie. Taken together, it is the production, distribution, and consumption of goods and services which underpins all economic activity and trade. According to economic theory, consumption of goods and services is assumed to provide utility (satisfaction) to the consumer or end-user, although businesses also consume goods and services in the course of producing other goods and services (see Distribution (marketing)#Channels_and_intermediaries).

WikidataRate this definition:4.3 / 3 votes

1. Goods and services

   Generally, goods and services are the outcome of human or nature efforts. In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility. It is often used when referring to a Goods and Services Tax. We satisfy our needs and wants by buying goods and services. Goods are items you can see and touch, such as a book, a pen, salt, shoes, hats, a folder etc. Services are provided by other people, such as; a doctor, a lawn mower worker, a dentist, haircut and eating in restaurants.

Editors ContributionRate this definition:0.0 / 0 votes

1. goods and services

   The things/commodities, durables or non durables which exists in day to day activities of a person are goods.

   
   

   Submitted by anonymous on November 22, 2020  

How to pronounce goods and services?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say goods and services in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of goods and services in Chaldean Numerology is: 8

2. Pythagorean Numerology

   The numerical value of goods and services in Pythagorean Numerology is: 8

Examples of goods and services in a Sentence

1. Commerce President Tom Donohue:

   TPA is critical because economic growth and job creation at home depend on our ability to sell American goods and services overseas.

2. Michael Inouye:

   With the level of user interest and use, companies don’t want to be left behind, so there’s a base incentive to embrace new tech to remain competitive, if users engage more with a service that means more data for advertising, marketing of goods and services, and potentially stronger customer relationships.

3. Brian Kaveney:

   This security measure will doubtlessly increase the processing time of clearance applications and potentially create a backlog, slowing business efforts to deliver classified goods and services to the federal government, several federal agencies have worked incredibly hard to reduce the backlog caused by 2013's budget sequestration and other issues, and now we may be facing a similar slowdown caused by security problems.

4. Ashley Hinson:

   Well, I think it's all economy, economy, economy. I mean, you look around the state fair, it's all what you're putting on your plate in celebration of Iowa agriculture. But I think everybody here is very sensitive to food prices, the cost of things, the cost of goods and services. So inflation and supply chain are going to be what drives this election.

5. Danielle Hale:

   On the one hand, the fact that inflation is still running at more than twice the target level, and core inflation — which includes goods and services, excluding volatile food and energy — saw an uptick to 5.6% in March, highlights that the Fed still has more to do and may need to lift short-term rates again at its early May meeting, on the other hand, overall inflation slowed more notably, and even core inflation on a month-to-month basis eased somewhat, a sign that the Fed’s tightening is having the desired effect.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Goods_and_Services
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=goods and services