What term refers to work, labor, or services purchased or leased for use?

The term that best refers to work, labor, or services purchased or leased for use is "services." This term encompasses a wide range of intangible tasks or activities performed by individuals or businesses for others. Unlike goods, which are tangible items that can be touched or stored, services are typically actions or performances that benefit the recipient in various contexts, such as consulting, repair work, transportation, or personal care. In business and law, the distinction between goods and services is important for understanding contracts and obligations, particularly under the Uniform Commercial Code, which primarily addresses the sale of goods but acknowledges services in different contexts.

While "goods," "products," and "resources" each have their own specific meanings, they do not accurately capture the essence of work or labor provided to someone else in the same way services do. Goods and products typically refer to physical items, while resources might include both services and goods but does not specifically denote the service aspect itself. Thus, services is the precise term applicable in this context.