BLACKPOOL MUMS UK
Welcome to blackpool mums,please login or register for full use of the site.

Good (economics)

View previous topic View next topic Go down

default Good (economics)

Post by taixyz1992 on Thu Dec 02, 2010 11:59 pm

In economics and accounting, a good is a product that can be used to satisfy some desire or need. More narrowly but commonly, a good is a tangible physical product that can be contrasted with a service which is intangible. As such, it is capable of being delivered to a purchaser and involves the transfer of ownership from seller to customer. For example, an apple is a tangible good, as opposed to a haircut, which is an (intangible) service. One usage that preserves the distinction between goods and services by including both is commodity. In microeconomics, a 'good' is often used in this inclusive sense of the word (Milgate, 1987).


Sign Flags
bucerias vacation rental

taixyz1992

Gender : Male
Goat
Aquarius Number of posts : 63
Age : 26
Location : USA
. :

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum