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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 ?
Lot one - An exclusive, access-all-areas, behind the scenes tour for two people of the Good Morning Britain studio, meeting the presenters and afterwards viewing the live broadcast of Lorraine from the studio floor, followed by meeting Lorraine in person.
The giant has awakened - good morning, Liverpool Everyone is welcome, whether you are king or fool Time for all to rise and shine - good morning Liverpool.
Kate presents Good Morning Britain, ITV, weekdays, from 6am
The 100 inspirational mums were chosen to take part after submitting their stories to Good Morning Britain, explaining why they were 'tough mums.
ABC premiered Good Morning America in November of 1975.
Mike Morris was one of the Good Morning Britain presenters alongside the likes of Anne Diamond and Lorraine Kelly.
Louis-based stalwart, which has been in business since 1931, last month introduced an innovative line of all-natural baby foods, Good Morning and Good Evening, based on research on the advantages of feeding infants based on the time of day and their nutritional needs.
Chartier wrote in a letter to the Good Morning America program.
In a bit of a twist, on Good Morning Aztlan David Hidalgo and songwriting partner Louie Perez tear themselves away from the experimental and return to straight ahead rock, the banner of which has been carried on Los Lobos' recent releases by Cesar Rojas.
However, both "Abbreviations and Short Titles" and the "General Bibliography" only name Faith Berry as the editor of Good Morning Revolution: Uncollected Writings of Social Protest by Langston Hughes.
After the Good Morning WithOUT Richard and Judy shocker and the scary hair programme I thought might try to give the daytime telly a miss this week, and try to recreate the art of conversation.
My instructions were simple: Open the car door, offer a hand and say: "Welcome to Good Morning America, please follow me.