What is the difference between tangible and intangible goods?

Examples of tangible goods are books, watches, cars, clothes, electronics, TV, or anything physical in nature. On the other hand, intangible goods are those that do not exist in the physical world. For example, a software product is an intangible type of good as it cannot be physically touched.

What are examples of intangible goods?

For example, if you stay at a hotel they may give you physical things such as a toothbrush but most of the value they are providing you isn't a physical product. The following are more detailed examples of intangible goods: Services such as restaurants that primarily serve individual customers as opposed to businesses.

What is the difference between tangible and intangible assets?

Tangible assets are the main type of asset that companies use to produce their products and services. Intangible assets are nonphysical items that have a monetary value because they represent potential revenue. Intangible assets include patents, copyrights, and a company's brand. Explaining Tangible Vs. Intangible Assets