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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.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
And tell them wonderland is inside the pages of a good book.
And there's so much more to delve into, just like a good book. Enjoy!
Nashville, TN, October 30, 2014 --( In the past six months The Good Book movie has received sixteen film festival accolades.
The state government's move is seen as a tactical decision to be in the good book of the Narendra Modi government for getting special financial packages for debt-ridden Bengal.
Good book, good library, good reading Studies in the history of the book, libraries and reading from the network HIBOLIRE and its friends
What constitutes a good book: "A good book should have mastery of form, where the language is clear and engaging.
Suitable for children aged two to seven years, it is published by Sweet Apple | Available online at Waterstones, Foyles, Amazon and at most good book shops, priced PS5.99.
It's so hard to put a good book down - and there are so many good books out there waiting to be devoured.
Even when I visit friends and distinguished guests on the occasion of Diwali I present a good book or a sapling to them.
The Good Book: A Humanist Bible is intended to blend the wisdom of philosophers, poets and writers while using the structure of the traditional Bible as its format, and it provides a lively and intriguing humanist alternative to the Holy Bible that any Christian will want to consider.
There may well be a good book in here, or several good books as so much is crammed into the action and characters: quantity of events and themes appears to rule the roost.
London, May 27 (ANI): A study has found that becoming engrossed in a good book or a crossword really can block the ability to hear.