Examlex
Which of the following is the correct evolutionary sequence?
Good
A physical item that is produced and can be sold or traded to satisfy people's wants or needs.
Service
An intangible activity or benefit provided to satisfy the needs of a consumer or business.
Essential Goods
Items considered necessary for basic human survival and well-being, such as food, water, and shelter.
Nonessential Goods
Goods considered as luxuries or not necessary for basic living, often subject to reduced spending during economic downturns.
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