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 ?
It would be different for city publicans who would be giving up a lot of revenue by staying shut on a Friday night but I don't think there would be a lot around here on Good Friday.
Rhoderick Armamento, Quezon provincial police chief, said the boat left on Good Friday for Sombrero island, known for its white sand beach in Burias, Masbate province, for a picnic.
GOOD FRIDAY is a special day for lots of people, including those employed the racing industry.
com/joel-osteens-inspiring-quotes-good-friday-easter-2343266) Joel Osteen's Inspiring Quotes For Good Friday And Easter
Inhabiting Good Friday means considering all who have been "crucified" throughout history and today, and then imagining what might be their "resurrection.
Hot cross buns, sweet cinnamon buns with raisins and a cross on top sprinkled with sugar, also made for a popular Good Friday snack.
Asda's Merthyr Tydfil store at Dowlais Top is open on Good Friday and Saturday from 8am to 10pm, is closed on Easter Sunday and reopens at 8am until 8pm on Easter Monday.
Joe Watson, 22, has been a season ticket hold er at the Riverside for 15 years but says that he and many other fans will be faced with a difficult decision on Good Friday.
There are some Christians, who neither observe Good Friday nor celebrate Easter.
Everton last played a game on Good Friday in 2007, when they thumped Fulham 4-1.
Good Friday, also called Holy Friday, Black Friday, Great Friday, is a holiday observed primarily by adherents to Christianity commemorating the crucifixion of Jesus Christ and his death at Calvary.