The Diff Between Consumer Goods And Economic Goods
August 29, 2022 ⚊ 1 Min read ⚊ Views 103 ⚊ BLOG
The Diff between Consumer goods and economics goods is a key issue in the debate over the relationship between price and value. While both goods and services provide essential functions in traditional economies, their differences are not the same. For example, when a car mechanic replaces a tire, the car owner pays for both a new tire and labor. While a tire is a good, the mechanic’s labor is a service. But they must both be purchased and installed for the car to run properly.
Tags: consumer goods, ECONOMIC GO, traditional economies
