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. George Ratiu:

   With prices for most consumer goods and services increasing, buyers are feeling the pinch on their wallets, affordability continues to be a central challenge for this year's first-time buyers.

3. Tommy Xie:

   If there is any surprise from the Phase 1 deal ... that may actually cause some kind of volatility, people are really focused on whether China is really committed to purchase additional $200 billion in goods and services from the U.S. over the next two years ... there's not much commitment from China yet.

4. Junichi Miyagaki:

   Now that Japan has cost competitiveness, it’s more likely foreign people will pay attention, if those foreigners learn once about the high quality of Japanese goods and services, they will likely keep buying those goods or using those services even if the yen strengthens a bit again.

5. Joe Staton:

   More and more shoppers expect that costs for goods and services will jump dramatically in the next 12 months, this rapid increase will impact our ability to shop and save, and our willingness to spend at a time when our incomes are outpaced by inflation.

References

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