Definition of Concepts "Product", "Goods" and "Service"
The modern literature on economic theory, marketing and business contains various definitions of the concepts "product", "goods" and "service". This article analyzes the interpretations most commonly used in the literature, based on which it is concluded that the term "product" is a unifying term for the concepts of "goods" and "service". The usage of the term "product" to describe goods or services creates the preconditions for the development of product models - the models, which are equally applicable to both goods and services.