Goods

In economics, goods are items that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product. A common distinction is made between goods which are transferable, and services, which are not transferable. Commodities may be used as a synonym for economic goods but often refer to marketable raw materials and primary products.

Goods

In economics, goods are items that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product. A common distinction is made between goods which are transferable, and services, which are not transferable. Commodities may be used as a synonym for economic goods but often refer to marketable raw materials and primary products.