Question of 21
Q.What is the difference between Goods and Services?
Rajasthan RbseRajasthan Board Senior Secondary Part-I Commerce Examination 2025Subjective· 2mImportance★★★★★est
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Start your 14-day free trial to unlock the full solution →Goods are tangible products; Services are intangible, cannot be stored and are consumed as they are produced.
| Basis | Goods | Services |
|---|---|---|
| Nature | Tangible (can be touched/seen) | Intangible (cannot be touched) |
| Storage | Can be stored/stocked | Cannot be stored; perish if not used immediately |
| Ownership | Transferred to the buyer | No ownership transfer, only use/benefit |
| Example | Furniture, clothes, food grains | Banking, insurance, transport, education |
| … |
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