The Difference Between Goods and Services Is That Goods Are

question 25

True/False

The difference between goods and services is that goods are mostly intangible and services are mostly tangible.

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Definitions:

Reliable

A term describing something or someone that consistently performs well or can be trusted to deliver accurate results or outcomes.

Verifiable

Capable of being tested and proven as true or accurate.

Inductive Logic

A method of reasoning in which general principles are derived from specific observations, moving from particular instances to broader generalizations.

Deductive Logic

A method of reasoning from one or more general statements (premises) to reach a logically certain conclusion, applying general principles to specific cases.