Consumer goods are items purchased by individuals for personal or household use, as opposed to capital goods, which are used to produce other goods. These goods are essential for daily life and can be classified into durable, non-durable, and services.
Laws designed to aid retail consumers of goods and services that have been improperly manufactured, delivered, performed, handled, or described. Such laws provide the retail consumer with additional protection and remedies not generally provided to merchants and others who engage in business transactions.
A gift card is a type of gift certificate in the form of a card into which value can be encoded. It is used much like a credit card for the purchase of consumer goods and services, up to the limit of stored value.
Goods and Services form the backbone of any economy, representing the outputs that fulfil human needs and wants. Goods refer to tangible products, while services pertain to tasks performed by individuals or entities.
The service sector is a crucial part of the economy, encompassing businesses that provide services rather than tangible goods. This sector is significant for employment creation and contributions to the Gross Domestic Product (GDP).
A measure of the quality and quantity of goods and services available to individuals and households within an economy, which reflects the overall well-being and comfort level.
A fixed regular sum paid as a salary or allowance for services rendered, often associated with internships, apprenticeships, fellowships, or academic roles.
In accounting, the time of supply refers to the date when goods are removed or made available to a customer, or when services are completed for a customer, marking the point at which tax is chargeable.
Under-the-counter refers to illegal payments made for scarce merchandise or services, usually in excess of the stated price. These payments are a form of bribery and extortion.
