Title: Distinguish between a good and a service.
Course: Make It Your Business (12151-9) > Section: Exploring Private Enterprise

Distinction should include the following concepts:

- Goods are tangible (physical) products that people buy to satisfy their wants and/or needs.
- Services are activities or actions (intangible) that people buy to satisfy their wants and/or needs.

Process/Skill Questions:

- What is the difference between a durable and nondurable good?
- What are examples of goods? What are examples of services? What are local businesses that offer both?
- Why do people buy goods and services?