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 classic literature ?
Is it not--forgive me; I have begun the question on my lips--a pity to live no better life?
And when we learn better to enjoy ourselves, then do we unlearn best to give pain unto others, and to contrive pain.
Then in what sort of partnership is the just man a better partner than the harp-player, as in playing the harp the harp-player is certainly a better partner than the just man?
I dare say; but if your French grammar was no better than your English, I think the praise was not deserved, my dear.
Really, mother," he had assured Nina Alexandrovna upstairs, "really you had better let him drink.
But if you HADN'T done them,' the Queen said, 'that would have been better still; better, and better, and better
But you would have more power than you have now, and could turn the business to better account perhaps.
I will not profess bravery," said Lydgate, smiling, "but I acknowledge a good deal of pleasure in fighting, and I should not care for my profession, if I did not believe that better methods were to be found and enforced there as well as everywhere else.
But us that have got no learning had better keep our money, eh, neighbor Pullet?
Before we reached home, Catherine's displeasure softened into a perplexed sensation of pity and regret, largely blended with vague, uneasy doubts about Linton's actual circumstances, physical and social: in which I partook, though I counselled her not to say much; for a second journey would make us better judges.
I believe you are right, and that I shall shortly be better--much better.
He was only eighteen, but he could navigate better than the captain.

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