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 classic literature ?
little as he deserved it) in his lifetime, she naturally remains the truest and best friend to his memory now.
That each man should shoot seven arrows at the target that belonged to his band, and, of the fourscore yeomen of each band, the three that shot the best should be chosen.
A long time was taken in this shooting, and when it was over the judges came forward, looked carefully at the targets, and proclaimed in a loud voice which three had shot the best from the separate bands.
The Sheriff swore a full great oath, and said: "This man is the best archer that ever yet I saw.
He insisted upon eating the Sheriff's best bread and drinking his best wine, so that the steward waxed wroth.
De Vac he knew to be too jealous of his fame as a swordsman to permit himself to be overcome by aught but superior skill, and this day Henry felt that he could best the devil himself.
The episode meant more to him than being bested in play by the best swordsman in England--for that surely was no disgrace--to Henry it seemed prophetic of the outcome of a future struggle when he should stand face to face with the real De Montfort; and then, seeing in De Vac only the creature of his imagination with which he had vested the likeness of his powerful brother-in-law, Henry did what he should like to have done to the real Leicester.
He was walking in, but not with the best possible grace, when he suddenly stopped, and started back.
The best that could be done,' returned the hangman.
It was a sobered affection at best, which came from my sympathy with his love of nature, and the whole kindly and humane keeping of his genius.
I have done a vast deal of this, but I have usually been aware that the book was subtly withholding from me the best a book can give, since I was not reading it for its own sake and because I loved it, but for selfish ends of my own, and because I wished to possess myself of it for business purposes, as it were.
Gilbert was a clever young fellow, with his own thoughts about things and a determination to get the best out of life and put the best into it.