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Tag: Goods

Fast Moving Consumer Goods (FMCG): meaning, examples and more

What are Fast Moving Consumer Goods (FMCG)? Fast Moving Consumer Goods (FMCG) are products that are quickly consumed and have a short shelf life. They are also known as consumer packaged goods and are purchased frequently by consumers. FMCG includes products such as food, beverages, toiletries, and other household items. These products are an essential …

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Goods and services: meaning, types and more

In the world of economics, goods and services are fundamental concepts that drive production, trade, and consumption. While goods refer to tangible products that consumers can purchase, services are intangible offerings that provide a particular benefit. This article delves deeper into the meaning of goods and services, their classification, and their significance in the global …

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