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Though some intangible attributes like delivery or a warranty may also be important for a product like a washing machine, because it has tangible attributes that a customer's senses can perceive, the washing machine is defined as ______.

Sagot :

It is true that some intangible attributes like delivery or a warranty may also be important for a product like a washing machine because it has tangible attributes that a customer's senses can perceive, the washing machine is defined as good having tangible attributes.

What is a tangible good in economics?

In economics, goods are tangible items that can be used to satisfy human wants.

Goods essentially have value because they provide utility. The more utility a good provides, the more it's value.

Learn more about goods at:
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