You are paying for a service. Read each sentence and tell whether you are purchasing goods or a service. Write the word good or service on each line. 1. You get your hair cut. 1. service 2. You buy a book from a garage sale. 2. good 3. You buy your mother a flower from a flower shop. 3. good 4. You hire someone to cut your lawn. 4. service 5.
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In economics, a service is a transaction in which no physical goods are transferred from the seller to the buyer. The benefits of such a service are held to be demonstrated by the buyer's willingness to make the exchange. Public services are those that society (nation state, fiscal union or region) as a whole pays for. Using resources, skill, ingenuity, and experience, service providers
Jul 09, 2017 OECD Glossary of Statistical Terms - Consumption good or An individual consumption good or service is one that is acquired by a household and used to satisfy the needs or wants of members of that household. A collective consumption service is a service provided simultaneously to all members of the community or to all members of a particular section of the community, such What Is Good Customer Service - 2 Models for Success
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