Identical Goods

Identical Goods

Two goods that are alike in all major respects. Identical goods have the same quantity and quality and are produced in the same country. Identical goods have the same value. They may have slight differences in appearance, however, but this does not affect their value. For example, two bricks of 14-carat gold fashioned in Belgium are considered identical goods.
References in periodicals archive ?
When goods and labor markets are perfectly competitive, and devoid of barriers to trade or factor mobility, identical goods or workers should command the same market price no matter where the good is sold or the worker is employed.
Gone are the days of boutique stores, they have been replaced by multi-national corporate and department stores that buy large quantities of identical goods.
The essential distinction is mankind's unique ability to reciprocate not only identical goods, as apes and monkeys swap groomings, but also to exchange dissimilar goods--what Smith famously identified as the "propensity to truck, barter, and exchange one thing for another" (Wealth of Nations, bk.
Here, not only have we lost the opportunity to have a range of fine foods available in an independent business, but one can guarantee that this Tesco will do its best to close all the surrounding businesses by selling identical goods.
I would urge the city fathers to think again, consider the need of a vibrant city for diverse suppliers not more of the same old stores with homogenous formats and near identical goods.
In fact, research has shown that on average, sellers with good ratings secure nearly 10 percent higher prices in online auctions for identical goods.
With so many supermarkets selling identical goods at identical prices, the Commission's role of thumb that choice is the result of having three different supermarkets within a ten-minute drive-time looks like a highly impoverished definition of choice.
The trouble with the big chains is that they stock identical goods, lay out their shelves in the same way and sometimes have staff that have no idea how what they're selling works.
Do we really want to live in a country where our only shopping option is to be herded around giant supermarkets like cattle, buying identical goods to take away to our identical homes and live identical lives?
numerous identical goods are manufactured using standardized designs and assembly line techniques) or have a high degree of turnover.
It stated that there may be scope for further argument that trademark infringement occurs where sponsored keywords and metatags are identical to a trademark and used in relation to identical goods and services.
It's all down to Supermarket Sweep - the weekly feature on the Echo's Time and Money page which sets the prices of identical goods on sale at various South Wales supermarkets against each other.