Goods and services
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| - | '''Economic growth''' is the [[increase]] in the amount of the [[goods and services]] produced by an [[economics|economy]] over [[time]]. | + | In economics, economic output is divided into physical '''[[good (economics)|goods]]''' and intangible '''[[Service (economics)|service]]s'''. [[Consumption (economics)|Consumption]] of goods and services is assumed to produce [[utility]]. It is often used when referring to a [[Goods and Services Tax]]. |
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In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility. It is often used when referring to a Goods and Services Tax.
Unless indicated otherwise, the text in this article is either based on Wikipedia article "Goods and services" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.
