What is the term for intangible things of value, such as education and laundry services?

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The term that accurately describes intangible things of value, such as education and laundry services, is 'services.' Services are activities or benefits that one party offers to another, and they are characterized by their intangible nature—meaning they cannot be touched or owned in the same way physical goods can.

For example, when you receive an education, you gain knowledge and skills that can benefit your career and personal development, but you do not own a tangible product as a result. Similarly, when you use a laundry service, you receive the benefit of having your clothes cleaned but do not acquire any physical product that you can hold.

In contrast, goods refer to tangible products that can be seen and touched, such as food, clothing, and electronics. Durable goods are a subset of goods that are designed to last over time, such as appliances or cars. Assets encompass a broader range of items of value owned by an individual or business, including both tangible goods and intangible services, but they are not limited to just services. Therefore, 'services' is the most precise term for the examples given in the question.

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