The goods and services Are two of the basic elements of the economy, since these two are part of the economic circuit.
These two elements are similar in the fact that they are offered by the producer apparatus (the company) in the markets. From the markets, consumers acquire goods and contract services. Also, both are intended to meet a consumer need.
In addition, they also coincide in the fact that they are scarce, which gives them value while increasing the opportunity to be sold.
At this point, economic goods and services contrast with free goods, such as air and sea water, which are abundant and therefore can not be commercialized.
For its part, the difference between these two elements lies in the materiality of goods and the immateriality of services.
The goods are material, can be touched, seen use and consumed. On the other hand, services are immaterial, can not be seen or touched, but you can feel the effects they generate on consumers; Refers to the set of activities and actions that is carried out to meet the needs of an individual.
Featured examples of economic goods
Economic goods are those that due to their scarcity in nature, can be marketed in the markets.
These are material goods that meet the needs of consumers. Some examples of goods are:
1- Food
Food constitutes one of the main goods consumed since these guarantee the existence of human beings. Goods of this type can be classified in capital goods and consumer goods.
Capital goods are those foodstuffs that the company uses to make other more elaborate products.
For example, corn is a capital asset, as it can be processed to give rise to other products: corn flour, roasted corn flakes, popcorn, among others.
Consumer goods are those finished products that can be purchased directly by consumers.
For example, popcorn and corn flour are consumer goods. In the event that maize is available in the markets, this can also be a consumer product.
2- Vehicles and other means of transport
Vehicles and other means of transport are also goods since they are tangible. Examples of this category are:
-Automobiles
-Motorcycles
-Bikes
-Planes
-Helicopters
-Embarcations
-Autobus
These goods depend on certain services, such as repair, and are the basis of the public transport service.
3- Office Supplies
Some office items are:
-Pencils
-Pens
-White paper sheets.
-Grappers
-Computers
-Impressors
-Photocopiers
4- Clothing
Garments are final consumer products that are obtained from a semi-finished good, ie textiles.
From diverse fabrics, the textile company is able to produce garments that are commercialized in the market.
Some clothing items are:
-Tshirts
-Friends
-Pants
-Sweatshirts
-Clothes
-Bufands
-Multi short sleeves
Pajamas
5- Footwear
The footwear industry is related to the textile industry in terms of the use of fabrics. However, it also depends on other elements for the development of its products, such as leather and rubber.
Among the goods of this type are:
-Sneakers
-Boots
-Heeled shoes
-Tennis shoes
6- Accessories
Its value is based on the beauty of its components rather than on the utility of these.
-Relojes
-Jewelry
-Collares, earrings, rings.
7-Appliances
-Washing machines
-seaters
-Neveras
-Microwave
-Our
-Do you cook
8- Makeup
Articles of this type include lipsticks, compact powders, eye delineators, shadows and bases.
9- Musical instruments
All musical instruments (pianos, guitars, violins, basses, among others) constitute goods as they are tangible.
10- Real Estate
Named this way since they can not move around. Some of these are apartments, houses, buildings and offices.
11- Furniture
They are goods that can be moved, hence their name. Some of these are sofa, armchairs, desks, chairs, beds, rocking chairs.
13- Software
Although this element is intangible, it constitutes a good and not a service. These include computer programs and mobile applications.
14- Printed goods
Printed goods are books, magazines and newspapers. These relate directly to the publishing industry, which is a service company.
15- Goods of the pharmaceutical industry
-Vitamins
-Pastillas
-Jabriel
16- Works of art
Works of art are intellectual property that can be commercialized. These can be books, paintings, photography, films, among others.
Machinery
The machinery used in various industries (tractors, cranes, conveyors, saws, drills, among others) is an example of goods.
18- Building materials
Construction materials (concrete blocks, bricks, sand, gravel, among others) are capital goods, since they are used to produce real estate for final consumption.
19- Video games and movies
Like software, videogames are composed of non-tangible programming. However, these items are goods. The films are also part of this group.
20- Stimulants and licit drugs
The three main licit stimulants consumed by humans are coffee, alcoholic beverages and cigarettes.
Examples of economic services
The economic services are those marketed by professionals (doctors, teachers, barbers, technicians, among others). Some examples of these are:
1- Hospitals, clinics, outpatient clinics and other medical services.
2- Public transport (bus, metro, train).
3- Public and private education and other related services (such as libraries, reading rooms, among others).
4- Surveillance and security (firemen, police, civil guards).
5- Postal mail and deliveries.
6- Telephone company.
7- Gas company.
8- Company of light.
9- Drinking water company.
10- Urban cleaning company.
11- Construction companies.
12- Insurers.
13- Health.
14- Restaurants and other food services.
15- Interpretation and translation services.
16- Publishing services (for publication of printed materials).
17- Repair and technical support services.
18- Domestic cleaning services.
19- Washing services.
20- Hairdressing and barbershop services.
References
- Goods and services. Retrieved on June 26, 2017, from en.wikipedia.org.
- Goods and services. Retrieved on June 26, 2017, from mcwdn.org.
- Goods & Services. Retrieved on June 26, 2017, from kidseconposters.com.
- What are goods and services. Retrieved on June 26, 2017, from businessdictionary.com.
- Goods and Services. Retrieved on June 26, 2017, from socialstudiesforkids.com.
- Good and services. Retrieved on June 26, 2017, from investopedia.com.
- Good and Services for 1st and 2nd Grade Economic Social Studies. Retrieved on June 26, 2017, from youtube.com.