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An intangible good is value that can't be touched. Modern economies are experiencing a shift whereby economic value is increasingly based on services that have little or no physical form. The following are common examples of intangible goods.
Knowledge such as an electronic document that gives advice on how to be a good public speaker.Education such as a class that teaches computer programming.Information designed to be consumed by people and data designed to be consumed by machine. For example, a navigation service.
Digital media such as as photographs, video and content.Software such as a sales automation platform. Software includes both applications used by people and systems that automate things.Art, Film & MusicDigital media that has artistic value such as a music video.
AdviceAdvice such as legal advice from a lawyer.ConsultingConsulting services that produce intangible work products such as knowledge and software.Services that produce value for a business such as a cloud computing platform that provides a business with computing power.EventsEvents such as a musical performance.
EntertainmentEntertainment such as a theme park.TravelTravel experiences such as a tour of a historical attraction.CultureCultural experiences such as a traditional festival.Digital ExperiencesExperiences in virtual environments such as a game or social media platform.Communication services such as a long distance phone call.
Risk ProductsRisk-based services such as insurance.Financial ServicesFinancial services such as an electronic money transfer.Public goods such as a park enjoyed by residents of an area.NotesSome goods are partially tangible and partially intangible. For example, a restaurant includes a physical product in the form of food and intangible value such as decor, service and environment. It is common to consider cheap restaurants tangible and expensive restaurants as intangible experiences.|
| Type | | | Definition | Value that can't be touched. | | Also Known As | Intangible product | | Related Concepts | |
Goods
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