Which of the following is a benefit of services in the economy?

In the context of economics, services are defined as intangible products that fulfill consumers' needs and wants without resulting in the ownership of a physical good. The correct answer highlights the intangible benefits that services provide to consumers. These benefits can include convenience, time savings, customer experiences, and satisfaction that enhance quality of life.

Unlike tangible products, which can be touched and owned, services cannot be stored or owned in the same way, but they offer value through experiences, skills, and expertise provided by service providers. For instance, going to a doctor, hiring a consultant, or using a streaming service delivers immediate benefits that are often more difficult to quantify but are crucial to consumer decision-making.

Other options refer to aspects not inherent to the nature of services themselves. Tangible products are physical items, while payment for labor and percentages of capital focus more on economic transactions or production processes rather than the inherent value provided to the consumer through services.