goods and services:

... expression identifying both material things and work performed within an economy; production that either moves or is intended to move through an exchange process. The expression covers both tangible items and intangible efforts of employment. Tangible items are sometime identified as products, therefore, a related expression is products and services.

In a free-market economy the flow goods and services through a value chain contributes to wealth. Goods and services is is tied to consumption as a term of economics; therefore, it is useful as a way of identifying certain statistical measures of productivity output, such as gross domestic product, and income, such as per capita income in a given area. Goods and services is of interest to governments as a utility useful for producing tax revenues.

go back

FYI: definition of goods and services what are goods and services definition of goods & services definition of goods and/or services definition of goods or services define goods & services define goods and/or services define goods or services what are goods or services