Differentiate Goods and Services

The differences between goods and services are:

Goods	Services
Goods are basically objects or products which have to be manufactured, stored, transported, marketed and sold. Lays chips, BMW, Adidas are some companies who manufacture goods.	Services are output of individuals and they can be a collective or individualistic action or performance by an individual. For example a barber or chartered accountants are giving individual services.
Goods are tangible in nature.	Services are mostly intangible.
Ownership can be transferred	Ownership can not be transferred
Time is less important in goods comparatively services.	Time is very important in services