Which term describes a non-physical action performed for someone else?

Which term describes a non-physical action performed for someone else?

• A. Service
• B. Macroeconomics
• C. Microeconomics
• D. Factors of production

Answer: (A)

A service is an intangible activity performed for someone else. It describes actions like a haircut, medical checkup, or legal advice that satisfy needs without producing a physical object. Macroeconomics and microeconomics refer to the study of the whole economy and of individual markets, not to the nature of the thing being provided. Factors of production are inputs used to produce goods and services (land, labor, capital, entrepreneurship). So, the best term for a non-physical action performed for someone else is service.

A service is an intangible activity performed for someone else. It describes actions like a haircut, medical checkup, or legal advice that satisfy needs without producing a physical object. Macroeconomics and microeconomics refer to the study of the whole economy and of individual markets, not to the nature of the thing being provided. Factors of production are inputs used to produce goods and services (land, labor, capital, entrepreneurship). So, the best term for a non-physical action performed for someone else is service.