Goods and services
What Goods and services means in Economics GCSE, as defined for AQA.
Definitions of Goods and services
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
Check what you remember
Read the wording for your board, then hide it and explain Goods and services in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Physical items, like smartphones, and services, like haircuts, to which the definition of supply applies equally.
A good is a tangible item, whereas a service is an intangible action.
Topics that use Goods and services
- Demand for goods and services (AQA GCSE)
- Supply for goods and services (AQA GCSE)
Related terms
- Change in supply
- Consumer behaviour
- Consumer income and preferences
- Costs of production
- Decrease in demand
- Demand
- Demand curve
- External shocks
Using Goods and services in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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