Goods and services Definition In economics, economic output is divided into goods and services. When an economic activity yields a valuable or useful thing, it is known as production of a good. This can range from the production to a simple safety pin to complex aircrafts. Under services, we...
Learn what constitutes goods and services in economics. Understand the differences between and learn to distinguish goods and services and see...
use of goods and services - (economics) the utilization of economic goods to satisfy needs or in manufacturing; "the consumption of energy has increased steadily" economic consumption, usance, consumption, use economic science, economics, political economy - the branch of social science that deals ...
2. (Economics) (sometimes singular) economics commodities that are tangible, usually movable, and generally not consumed at the same time as they are produced. Compare services 3. (Commerce) articles of commerce; merchandise 4. (Commerce) chiefly a. merchandise when transported, esp by rail; ...
Economics is defined as the study on the production of goods and services, distribution and consumption of social sciences. 翻译结果4复制译文编辑译文朗读译文返回顶部 to study economics definition of goods and services production, distribution and consumption of the social sciences. 翻译结果5复制译文编辑...
Related to goods:Goods and services or commodities any tangible economic products (cars, soap powders, tools, machines, etc.) that contribute directly (seeFINAL PRODUCTS) or indirectly (seeINTERMEDIATE PRODUCTS) to the satisfaction of human wants.CONSUMER GOODSand PRODUCERS’GOODare an important compo...
possessions and personal property sometimes singulareconomics commodities that are tangible, usually movable, and generally not consumed at the same time as they are produced Compareservices articles of commerce; merchandise merchandise when transported, esp by rail; freight ...
Ecosystem goods and services emanate from a functioning ecosystem and are of direct value to humans. They enter the utility function either directly (without any other inputs), or along with labor, capital, and other produced goods as inputs in a production process resulting in consumable goods...
consumer goods inEconomics topic From Longman Dictionary of Contemporary Englishconˈsumer ˌgoodsnoun[plural]goods that people buy for their own use, rather than goods bought by businesses and organizations→capital goods,brown goodsExamples from the Corpusconsumer goods•Importsofcapitalgoods rose ...
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