|
I'm trying to classify what stock is on a website I've been working on in my spare time. I have two options in my database right now:
I wanted to add this entry for Facebook stock: http://www.settingprice.com/stocks/3/price-of-facebook-stock/ and I wasn't sure if I should call it a good or a service, or should I create a new a category called "Stocks", "Equity", or something else? |
|||||||||
|
|
Well it depends on weather or not your differentiating against. If its capital stock or stock as in a share certificate in the company. If its a share in the company then in my opinion using Equity would be best as it is a form of an asset and does refer to a piece of ownership of the entity. I wouldn't consider a share of stock a service, since the service to you is say Facebook or the broker who facilitates the transaction of buying or selling FB stock. I also would not consider it a Capital Good, as the Capital Good's would be the referring to the actual capital like the servers, etc. |
|||
|
|
|
Facebook the company is probably better understood as a capital good - it is a collection of software and servers and a well-known brand name with a snazzy network effect under reasonably competent corporate governance that can produce final goods and services (mostly services) that actually have value. A share of Facebook stock is a share of ownership in that capital. See also: http://en.wikipedia.org/wiki/Capital_good which makes some concessions for the difference between capital goods and capital services, so it's kind of a fuzzy thing. |
||||
|
|
|
Stock is ownership. And whether the thing you own is a good or service irrelevant. The ownership itself is all that matters. Ownership = service ??? Ownership = good ??? Maybe the problem is your trying to fit a verb into a noun-based categories? |
|||
|
|
