good

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good

or

commodity

an economic PRODUCT which is produced to meet some personal or business demand. Goods which are purchased by individuals are called consumer goods or final goods, while goods purchased by businesses are referred to variously as producer goods, capital goods, industrial goods or intermediate goods.

Some consumer goods (nondurables), such as bread and toothpaste, are used up immediately or within days of purchase, while others, referred to as consumer durables, such as cars, washing machines and televisions, are ‘consumed’ over a time scale often running into several years and are often considered to constitute part of an individual's personal assets or wealth.

Producer goods are items which are purchased by manufacturers, etc. to be used as factor inputs in producing other goods or services. They too may be used up in the short term (for example nuts and bolts, engines, etc.) as the production cycle repeats itself, or they may constitute the firm's stock of longer-lasting (durable) fixed capital assets such as plants, equipment and machinery The provision of goods (for example, a motor car, a perfume etc.) involve a number of characteristics which set them apart from the provision of a SERVICE (for example, window cleaning), in particular tangibility - the ability of a customer to see, touch, taste or smell the good, and separability - the fact that goods are typically produced and consumed at different points in time and thus can be stored. See MARKETING.

References in periodicals archive ?
Jim Haskins, president of Allstate's west territory and a member of the 2014 Allstate AFCA Good Works Team voting panel, said "for seven years Allstate has been proud to work with the American Football Coaches Association as the presenting sponsor of the Allstate AFCA Good Works Team.
Year after year, the 'good works' associated with this impressive group of student-athletes continue to inspire and raise the bar for future nominees," said Jim Haskins, president of Allstate's West Territory and a member of the 2014 Allstate AFCA Good Works TeamA voting panel.
JCBank Supports the Jordanian Hashemite Fund for Human Development- Charity and Good Works Campaign
Planting trees, cleaning rivers, recycling waste, all are in themselves good works but limited when compared with the greater theological reality so profoundly articulated by Berry.
Not because I disapprove of companies taking on good causes, or setting aside time and resources for good works.
Architects, with few exceptions, rather than ask questions or undertake good works, began before the ashes of the World Trade Center were even cold to provide answers and to seek work.
The following path combines self-awareness, empathy, learning, creative compensation, and good works.
These acts of charity, or good works, not only obligated those who received this charity, but they also obligated God to reward the donor with his promise of salvation.
When one looks at the medieval Catholic tradition as a whole, it is solidly Augustinian in its view that good works are a way of manifesting God's grace, not a way earning it.
Out of the meeting came something even more powerful and lasting--a collective of women committed to doing good works in Atlanta.
As Saffo's invocation of "social change" suggests, this campaign isn't exactly about good works and voluntarism: It's a thinly disguised attempt to promote a redistributionist agenda.
Fear of competition causes many good works to go unrecognized.