Which of the statements below are true of services as opposed to goods?
Click the answer you think is right.
Only services are a type of economic product.
Only services are part of a country's wealth.
Only services are intangible because they represent work done for someone.
Only services are unable to be transferred to others.

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Answer:

Only services are intangible because they represent work done for someone.

Explanation:

The answer is Only services are intangible because they represent work done for someone.

Services depict intangible goods. Services means an intangible goods which are transferred from the seller to the buyer in exchange of payment.

• Services includes what people needs such as transportation, hospitals services, energy supplies, communications facilities, carrier and so on.

• Services and goods are type of economic product. Both are knows as tangible and intangible goods.

• Services and goods are part of a countries wealth. Taxes are been collected by the government from individual offering the both.

• Services are intangible because they represent work done for someone while goods are physical items sold to buyers.

• Services and goods can be transferred to another people. Example of this is when a network provider transfers its ownership to others, in this case, the services is transferred. Such as the goods as well.

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