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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.

References in periodicals archive ?
The truth is Wizkid, Olamide, Davido, and many other young Nigerian artistes are doing good music but they just need to improve on their sound for the better; I meant no form of insult', he said.
We are grateful for the opportunity to work with UnitedHealthcare on this study to help us better understand why doing good is good for all of us.
Best political systems in the world speak for policy of tolerance because actual meanings of politics lie in helping and doing good.
To be able to continue and increase this initiative, Doing Good is participating in a fundraising campaign offering coupons & deals in over 300,000 stores locally & nationally, unlimited yearly use via mobile device for only $23.
These notes would praise Benny for doing good things, such as welcoming a guest, saying Shema at night, washing his hands in the morning, etc.
Global Banking News-October 23, 2013--FNB doing good business with business accounts(C)2013 ENPublishing - http://www.
Madras Cafe", which has been described as 'sensible cinema' by critics, is doing good at the box office due to its quality content.
James Lee Moorhouse The police prob think they are doing good to keep them off the streets.
GORDON J Doing good The footage made me reflect that his daughter, Jennifer, who died the week after she was born, would have been 10 years old now, just like the lasses crowding round him in a dusty schoolyard.
If you see a journalist doing good stories pat him or her on the back, if they are not doing good stories tell them so - personal contact is very important," she added.