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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 classic literature ?
"Good heavens!" cried Louise, who had applied her ear to the door, which had been left ajar, "it is my mother's step!"
"Good heavens, what has happened!" thought Glorvina, trembling with all the papillotes.
"Good heavens! that man, without his glasses, must look funny enough in a dressing-gown!" thought Celestine, "but the harpoon is in his back and he'll tow me where I want to go; I am sure now of that invitation.
"Good heavens! you have sharpened the axe to cut off your own head.
Good heavens! the poor soul!" she thought, as she left the room, "it IS hard to be in labor for seven years and bring forth a dead child!
"Good heavens!" she exclaimed, "he is there--he is there--Oh!
rest assured we will never forget all you did for us Forces sweetheart Dame Vera Lynne, 102, sends a recorded message to veterans Good heavens!
Good heavens! This is all part of a devious Jewish conspiracy to dominate the Milky Way.
Reach for the sky at Santo Cielo's Good Heavens dinner series starting at 6:30 p.m.
"Good heavens! Henry and Charlotte are dealing with this.
Sharing his thoughts about the relaunch of Oplan Tokhang with the Acup leaders, David said: 'Good heavens, you have barely washed the blood, the blood that [has flowed] from Tokhang Parts I and II.
Good heavens, the poppy isn't a "political statement" it's a sign of rememberance and respect for the heroes that gave their lives for us and their country in all the conflicts in the past and still today.