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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 ?
THE Found Poem on TV's funniest show, Dave Gorman: Modern Life Is Goodish.
That's a goodish sum - but is it really enough for someone responsible for running the country?
It's a goodish read but Magorian has never again come anywhere near the power of her 1981 Goodnight Mr Tom.
Ideally suited by goodish ground and sharp tracks, the seven-year-old should have too much speed for likely main market rival Bold Sir Brian.
Trainer John Oxx said: "The Irish Derby is the obvious next race for him but he's dependant on goodish ground and the weather here has been bad for two and a half years.
It was a goodish year," the BBC quoted Andrew Bud, chairman of mobile firm Mblox and director of the Mobile Entertainment Forum, as saying.
Propaganda is an ugly word, but that is what is being asked for--not printing lies as such, for they are easily seen through, but suppressing uncomfortable truths and either presenting only convenient ones or, worst of all, dressing up goodish half-truths to make them appear to be the whole truth.
Goodish as an independent director of the Company, effective June 5th, 2012.
This pain brought about a host of mental difficulties including Dr Christian DAVE GORMAN: MODERN LIFE IS GOODISH DAVE, 10pm COMEDIAN Dave Gorman, pictured, tackles the age-old man.
DAVE GORMAN: MODERN LIFE IS GOODISH DAVE, 10pm IF you weren't generally irritated with life before watching this, you certainly will be afterwards.
5) Bardock, Matt and Goose Claire 4) Banjo, Jordan 3) Bella, and Nikki 2) Goodish, Is Life Modern 1)