a little introduction from my main blog.
What are goods and services? Economic or scarce goods and services are items generated through economic activities in order to meet a need or a desire. They are traded in the market and their prices are determined by supply and demand. Usually to a greater supply the price of the good decreases and to a greater demand it increases. Thus the exchange of goods and services is given at a price that is mutually beneficial to both parties (seller and buyer).
link: goods and