What is the meaning of goods?
Understand the Problem
The question is asking for the meaning of the term 'goods'. It typically refers to items that are produced or manufactured for sale.
Answer
Goods are items for sale or transport that satisfy human wants and provide utility.
Goods are items that are sold or transported, including possessions and physical objects that satisfy human wants and provide utility.
Answer for screen readers
Goods are items that are sold or transported, including possessions and physical objects that satisfy human wants and provide utility.
More Information
In economics, goods are often distinguished from services. Goods are tangible objects, whereas services are intangible acts performed by others.
Sources
- GOODS | definition in the Cambridge English Dictionary - dictionary.cambridge.org
- Goods - Wikipedia - en.wikipedia.org
- GOODS Definition & Meaning - Dictionary.com - dictionary.com
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