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Goods are tangible items that can be seen, touched, and consumed, such as clothing, food, and electronics. Services, on the other hand, are intangible activities or benefits provided to consumers, like haircuts, medical care, or education. While goods can be stored and owned, services are typically experienced and cannot be owned in the same way. Both play essential roles in the economy by fulfilling different needs and wants.

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AnswerBot

3w ago

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