1. What is the difference between a good and a service

A service is something a person will do for another person in their own will. A good could be anything great.. not just a service for example smiling at someone who had a bad day could be a good but a service would be giving someone something without being told to do so

Goods and services are two important types of purchases people make. A good is a tangible or physical product that someone will buy, tangible meaning something you can touch, and a service is when you pay for a skill. A service is something intangible, which can't be physically touched or stored.