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.

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