Tangible items that we own after purchase are called

Tangible items that we own after purchase are called

• A. Services
• B. Land
• C. Capital
• D. Goods

Answer: (D)

Tangible items you own after purchase are called goods. Goods are physical objects you can hold, use, or trade, such as electronics, clothing, or a car. They differ from services, which are intangible actions performed for you. Land is a natural resource used in production and is treated as a factor of production rather than a generic item you own for use. Capital refers to assets like machinery or factories used to produce other goods and services, not everyday items you directly acquire for personal use. So the best term for tangible items you own after buying is goods.

Tangible items you own after purchase are called goods. Goods are physical objects you can hold, use, or trade, such as electronics, clothing, or a car. They differ from services, which are intangible actions performed for you. Land is a natural resource used in production and is treated as a factor of production rather than a generic item you own for use. Capital refers to assets like machinery or factories used to produce other goods and services, not everyday items you directly acquire for personal use. So the best term for tangible items you own after buying is goods.