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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 ?
The offer provides two 30 Day shelf-stable supplies of Goodbye UTI for $30, instead of $40.
Executive Producer DJ Nash revealed to ( TV Line in December that the show would say goodbye to someone in Season one, revealing it was one of the characters mentioned throughout the interview-meaning it could be an official "goodbye" to Jon-or it could be Delilah, Maggie (Allison Miller), Gary (James Roday), Eddie (David Giuntoli), Katherine (Grace Park), Rome (Romany Falco), Barbara, Sophie, Danny (Chance Hurstfield), Theo (Tristan Byon) or even Ashley (Christina Ochoa).
BRAVE POPPY'S FIRST DAY: PAGE 25 A MIXTURE of excitement and a few teary goodbyes marked the first day at school for thousands of children yesterday.
Morna Simpkins, director for MS Society Scotland, added:"By taking part in Kiss Goodbye to MS, your small sacrifice could help us find new treatments for people living with MS and their loved ones."
Sign up for Kiss Goodbye to MS on the MS Society website at
John Bradley, who plays Samwell Tarly, said: "It's hard to say goodbye because you have a double whammy of grief, because when characters die in the show, you are saying goodbye to characters that you love as a fan of the show and you're saying goodbye to actors you worked with as well."
Imran also referenced an Elton John song during the interview and hoped for Sharif to vacate the office to a 'big goodbye reception' next week.
Maybe if I refused to send in that last column there wouldn't be any final goodbyes or a final deadline.
Ben Says Goodbye receives simple drawings by Kim LaFave as it tells of a boy whose friend and neighbor is moving away.
Saying goodbye is never easy and in this expat life we say it more often than the average person -- goodbyes when expat friends leave to start on a new adventure, or perhaps it's you moving on and leaving loved ones behind.
"Goodbye Parkinson's, Hello Life!: The Gyro-Kinetic Method for Eliminating Symptoms and Reclaiming Your Good Health" is by author Alex Kerten, who has been researching anatomy and the physiology of behavior for over 30 years and treats clients with movement disorders, specializing in Parkinson's Disease.
For someone who has been a journalist for the last 40 years, there's always that one last copy to file: the goodbye note.