A Service Is Essentially Intangible

question 5

True/False

A service is essentially intangible.

---

Definitions:

Consumption

The use of goods and services by households or individuals, encompassing necessities and luxury items.

Bushel

A unit of volume that is used mainly for agricultural products, such as grains and fruits, equivalent to approximately 36.4 liters in the United States.

Consumption

The use of goods and services by households or individuals, constituting one of the key concepts in economics.

Labor Income

Earnings derived from work or employment, including wages, salaries, commissions, and any other income earned as compensation for labor services.