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What does GOODS AND SERVICES stand for?
What does GOODS AND SERVICES mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: GOODS AND SERVICES.
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What does GOODS AND SERVICES mean?
- Goods and services
- Goods are items that are usually (but not always) tangible, such as pens, salt, apples, and hats. Services are activities provided by other people, who include doctors, lawn care workers, dentists, barbers, waiters, or online servers, a book, a digital videogame or a digital movie. Taken together, it is the production, distribution, and consumption of goods and services which underpins all economic activity and trade. According to economic theory, consumption of goods and services is assumed to provide utility (satisfaction) to the consumer or end-user, although businesses also consume goods and services in the course of producing other goods and services (see Distribution (marketing)#Channels_and_intermediaries).
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"GOODS AND SERVICES." Abbreviations.com. STANDS4 LLC, 2024. Web. 7 May 2024. <https://www.abbreviations.com/GOODS%20AND%20SERVICES>.
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