in econimics, goods are things that can be seen or touched and service are useful works,something that is done for someone else? is this true or false?
Yes, that statement is generally true. In economics, goods are tangible items that can be seen or touched, and services are intangible activities or works that are done for someone else. A good example of a good would be a physical product like a television or a car, whereas a service could be something like haircuts, transportation, or legal advice. Goods can be bought, sold, and stored, while services are generally consumed at the time they are provided. It's important to note that there can be some overlap between goods and services, as some products may include both tangible and intangible aspects.
