Intangible Good

An Intangible Good is an economic good that is not tangible.

• AKA: Physical Good,
• Example(s):
  • a Digital Good.
  • an Economic Service.
  • …
• Counter-Example(s):
  • a Tangible Good, such as a hardcover book.
• See: Use Tax, Digital Economy, Tangible Good, Service (Economics), Good (Economics), Physical Body, Digital Goods, Music Download, Mobile App, Virtual Goods, Virtual Economy.

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References

2016

• (Wikipedia, 2016) ⇒ https://en.wikipedia.org/wiki/intangible_good Retrieved:2016-8-19.
  • An intangible good is a good that does not have a physical nature, as opposed to a physical good (an object). Digital goods such as downloadable music, mobile apps or virtual goods used in virtual economies are all examples of intangible goods. In an increasingly digitized world, intangible goods play a more and more important role in the economy. Virtually anything that is in a digital form and deliverable on the Internet can be considered an intangible good. In ordinary sense, an intangible good should not be confused with a service, since a good is an object, whereas a service is an activity or labor. So a haircut is a service, not an intangible good.

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