Intangible good
Intangible goods are things that you can't touch or hold. They are not physical, like toys, books or oranges. Instead, they are things like ideas, music, or experiences that are only known to exist inside your mind.
Let's imagine that you and your friend are playing a game. You have an idea for a new rule that will make the game more fun. That idea is an intangible good because it's not a physical object you can touch or hold, but it still has value and can help make the game more enjoyable.
Another example of an intangible good is music. When you listen to a song, you can't touch or hold the music, but it still exists and can make you feel happy or sad. You can buy digital copies of songs or stream them online, but you are not buying a physical product. You are buying the right to listen to the music.
In summary, intangible goods are things that are not physical but still have value because they can be enjoyed or used by people. Some examples include ideas, music, or experiences.
Let's imagine that you and your friend are playing a game. You have an idea for a new rule that will make the game more fun. That idea is an intangible good because it's not a physical object you can touch or hold, but it still has value and can help make the game more enjoyable.
Another example of an intangible good is music. When you listen to a song, you can't touch or hold the music, but it still exists and can make you feel happy or sad. You can buy digital copies of songs or stream them online, but you are not buying a physical product. You are buying the right to listen to the music.
In summary, intangible goods are things that are not physical but still have value because they can be enjoyed or used by people. Some examples include ideas, music, or experiences.