Which type of economic activity is intangible, cannot be stored and does not result in ownership?
Answer & explanation
Correct answer: option 2
An intangible commodity a type of economic activity that is intangible is not stored and
does not result in ownership. A service is consumed at the point of sale. Services are one
of the two key components of economics, the other being goods. Examples of services
include the transfer of goods, such as the postal service–delivering mail, and the use of
expertise or experience, such as a person visiting a doctor.