A product is either a tangible good or an intangible service, or a combination of both, supplied by a business to satisfy needs and wants of customers.
Posts tagged as “consumer goods”
This article introduces the concept of Production Possibility Frontier (PPF) as well as shows the Production Possibility Frontier (PPF) diagrams.
Another classification of businesses. Instead of looking at sectors of the economy, let's consider grouping various businesses based on the type of product.