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William Penn
Tangible Products
Physical items that can be seen, touched, and used, as opposed to services or digital products.
Intangible Products
Non-physical goods or services such as intellectual property, consulting, and insurance, that cannot be seen, touched, or physically measured.
Merchandise Trade Balance
The difference in value between a country's imports and exports of goods, excluding services.
Intangibles
Assets that have no physical form but possess value, such as intellectual property or brand reputation.
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