The main difference between goods and services is that goods are tangible products that can be seen and touched, while services are intangible experiences or activities that cannot be seen or touched. For example, a car is a good, as it is a physical product that can be bought and sold. On the other hand, a haircut is a service, as it is an intangible activity that cannot be bought and sold. Goods are typically produced and distributed in an economy, while services are typically provided. Both goods and services can be consumed by individuals or businesses, and both can contribute to the overall economic activity in an economy.
