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Goods are items that are usually (but not always) tangible, such as pens or apples. Services are activities provided by other people, such as teachers or barbers. Taken together, it is the production, distribution, and consumption of goods and services which underpins all economic activity and trade. According to economic theory, consumption of ...
Space industry refers to economic activities related to manufacturing components that go into outer space (Earth's orbit or beyond), delivering them to those regions, and related services. [1][2] Owing to the prominence of satellite-related activities, some sources use the term satellite industry interchangeably with the term space industry. [3]
Commercial use of space is the provision of goods or services of commercial value by using equipment sent into Earth orbit or outer space. Commercial satellite use began in 1962 with Telstar 1, transmitting TV signals across the Atlantic Ocean. Syncom 3 expanded possibilities in 1964, broadcasting the Olympics.
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the ...
Transport (in British English) or transportation (in American English) is the intentional movement of humans, animals, and goods from one location to another. Modes of transport include air, land (rail and road), water, cable, pipelines, and space. The field can be divided into infrastructure, vehicles, and operations.
v. t. e. A spacecraft is a vehicle that is designed to fly and operate in outer space. [1] Spacecraft are used for a variety of purposes, including communications, Earth observation, meteorology, navigation, space colonization, planetary exploration, and transportation of humans and cargo.
Definition and usage. "Global commons" is a term typically used to describe international, supranational, and global resource domains in which common-pool resources are found. In economics, common goods are rivalrous and non-excludable, constituting one of the four main types of goods. [2] A common-pool resource, also called a common property ...
The additional definition matrix shows the four common categories alongside providing some examples of fully excludable goods, Semi-excludable goods and fully non-excludeable goods. Semi-excludable goods can be considered goods or services that a mostly successful in excluding non-paying customer, but are still able to be consumed by non-paying ...