Goods are products or objects that have value and can be exchanged. They can be of the following types:
1. Tangible Goods:
Goods that can be physically touched or seen.
- Examples: books, clothes, phones, and furniture.
2. Intangible Goods:
Goods that cannot be touched but have value or provide a service.
- Examples: internet services, mobile apps, and social networking services.
3. Consumer Goods:
Goods that consumers generally buy for their own use.
- Examples: food, cosmetics, and shoes.
4. Producer Goods:
Goods that are used to produce other goods.
- Examples: machinery, construction equipment, and raw materials.
Because goods have economic value, they are used primarily in the economy to satisfy human needs.
Tags:
Commodity