good , things we can see and touch and some are durable and some are non-durable , services , services are things we cant see or touch, needs , needs are things we need for essentials like food and water, wants , things we want but can live without , phone , factors of production, land ,enterprize ,capital,labour , sectors of industry, primary, secondary,tertiary,quaternary, etor of economy , private ,public , third , sole trader , hairdresser's , plumbers,newsagents , partnership, doctors , dentist ,lawyers , public limited company, similar to private but they can sell shares of the company to the public , private limited company, These organisations are owned by invited shareholders and are controlled by a Board of Directors., franchises , The person/firm owning and running the business is the franchises.

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