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GOOD
TANGIBLE ECONOMIC PRODUCT THAT IS USEFUL, TRANSFERABLE TO OTHERS , AND USED TO SATISFY WANTS AND NEEDS
SERVICE
work or labor performed for someone
- haircuts
- home repairs
- forms of entertainment
non durable good
item that wears out or last for fewer than three years when used regularly.
- clothes
- food
DURABLE GOOD
car
CAPITOL GOOD
can be a consumer good or capitol good , bricks, ovens,
Good that lasts for at least three years when used regularly
CONSUMER GOOD
Tool equipment or other manufactured good used to produce other goods and services; a factor in production.
goods intended for final use by consumers other than businesses .
- shoes
- cars
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