Goods And Services Flashcards
1
Q
What are free goods?
A
Good which are unlimited in supply
2
Q
What are economic goods?
A
Goods which are limited in supply
3
Q
What are goods?
A
Goods are physical items
4
Q
What are services?
A
Services are non physical items
5
Q
What are wants
A
Goods and services not essential for survival
6
Q
What are needs
A
Goods and services essential for survival
