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Economics Homework One Answers - Student Four (view source)
Revision as of 01:09, March 9, 2011
, 01:09, March 9, 2011no edit summary
'''1. Give an example of a "good" not in the lecture, and an example of a "service" not in the lecture.'''
'''1. Give an example of a "good" not in the lecture, and an example of a "service" not in the lecture.'''
An example of a good would be buying a computer. You pay for it, and you receive it. It's tangible and in your hand. An example of a service would be paying to have said computer delivered or repaired. The act in itself does not have substance, but it produces a result, which is what you are paying for in the first place.
An example of a good would be buying a [[computer]]. You pay for it, and you receive it. It's tangible and in your hand. An example of a service would be paying to have said computer delivered or repaired. The act in itself does not have substance, but it produces a result, which is what you are paying for in the first place.
: Excellent examples.
: Excellent examples.