Difference Between Goods and Services
Given below are the fundamental differences between physical goods and services: Goods Services A physical commodity A process or activity Tangible Intangible Homogeneous Heterogeneous Production and distribution are separation from their consumption Production, distribution and consumption are simultaneous processes Can be stored Cannot be stored Transfer of ownership is possible Transfer of ownership is not possible
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Famous quotes containing the words difference between, difference, goods and/or services:
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“Men will say that in supporting their wives, in furnishing them with houses and food and clothes, they are giving the women as much money as they could ever hope to earn by any other profession. I grant it; but between the independent wage-earner and the one who is given his keep for his services is the difference between the free-born and the chattel.”
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