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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 ?
A Public Benefit Corporation Launched in 2015, Doing Good Works was founded in response to the harsh realities surrounding the 400,000+ youth in foster care in the United States.
Firstly, although we are not made right with God by our good works, we are "created in Christ Jesus for good works".
Such refinement will stand you in good stead as, by the grace of God, you finish the good work you have started in Rivers state.
In that often overlooked book of the Bible, they discovered a call to be zealous for good works--the kind of good works that are like a bright light shining in the darkness.
Please forward my congratulations to each and every writer on your staffs, and please keep up the good works.
For more than two decades, the Allstate AFCA Good Works Team has served as one of the most coveted, prestigious off-the-field honors in college football.
Summary: Continuing in social significant role , Jordan Commercial Bank (JCBank), supports the Jordanian Hashemite Fund for Human Development- Charity and Good Works Campaign which supports needy people, confirming its role in the social development and the advancement of the local community.
Written by a committed Christian, for committed Christians and those of all faiths who are committed to selfless good works in the name of the divine, The Christian Right...
Initially it appears that the author is using quotes from different faith to show that there is a common call to do "Good Works," that all people are called through their faith to provide for the needs of others.
Planting trees, cleaning rivers, recycling waste, all are in themselves good works but limited when compared with the greater theological reality so profoundly articulated by Berry.