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 ?
Starring Jenn Gotzon, Evan Fielding, Apolonia Davalos, BK Bomar, Amanda Pentecost, Rebecca Lines, and Josh Childs, The Good Book tells the story of a small Bible that is passed along to fourteen strangers, impacting the lives of seven of those individuals.
In fact everyone should have a personal library of good books at home.
Let them discover the pleasure of curling up with a good book - or a Kindle
There are hardcore followers who've never lost the passion for picking up a good book but as computer games become more and more popular and TVs have gone from being a luxury item to an object you'll find in every room of the house, reading has lost its appeal.
They asked me a lot of questions and hopefully those who have not been so interested in reading in the past will feel more inclined to enjoy a good book.
TAKING A BREAK: Poet Paul Batchelor and Rachael Ogden, from Greenside, relax with a good book as part of Read Regional PICTURE: LEANNE HOLCROFT www.
I was never baptized, never aware of a single story from the Good Book, never programmed by religious teachers, and never concerned about life after death.
I love doing books on tape, especially if it's a good book.
For financial executives looking to bone up on specific subjects or get a better feel for the value creation process, this would be a good book to have.
I would also be a good book to recommen to students or to young practitioners of the spiritual life.
Enthusiastically recommended for novice biblical scholars or anyone seeking to quickly better acquaint themselves with the Good Book.
I remember well those years back in my native country, when I tried to study the stereographic method from a crystallographic manual, simply because there was not a good book on the geological applications of the projection techniques.