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goods

File:Mediq_Sverige_Kungsbacka_warehouse.jpg · Wikimedia Commons · See Wikimedia Commons

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goods

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Also known as economic good, economic goods, merchandise, trade good, good

thumb|Tangible medical goods stacked in a warehouse|alt=Cardboard boxes stacked in a warehouse

AI overview

Goods are physical items or products that can be bought, sold, or traded, like the medical supplies shown stacked in a warehouse. They matter because they form the foundation of commerce and everyday life, allowing people and businesses to exchange things they need or want.

AI-generated from the Wikipedia summary — may contain errors.

Wikidata facts

Subclass of
goods and services
Image
Blue Ridge Parkway - A Mound of Soap - NARA - 7717444.jpg
Said to be same as
product
Show 8 more facts
studied by
economics
Commons category
Goods (economics)
different from
good
topic's main category
Category:Goods (economics)
topic has template
Template:Types of goods
partially coincident with
good
opposite of
economic bad
on focus list of Wikimedia project
Wikipedia:Vital articles/Level/4
Sources (1)

via Wikidata · CC0

~15 min read

Encyclopedic overview

17 sections
Contents
  • Utility and characteristics of goods
  • Types
  • Bads
  • Exclusivity and competitiveness
  • Fourfold model of goods
  • Public goods
  • Private goods
  • Common-pool resources
  • Club goods
  • History of the fourfold model of goods
  • Expansion of fourfold model: anti-rivalrous
  • Expansion of fourfold model: semi-excludable
  • Trading of goods
  • See also
  • Notes
  • References
  • External links

thumb|Tangible medical goods stacked in a warehouse|alt=Cardboard boxes stacked in a warehouse

In economics, goods are anything that is good, usually in the sense that it provides welfare or utility to someone. Goods can be contrasted with bads, i.e. things that provide negative value for users, like chores or waste. A bad lowers a consumer's overall welfare.

Excerpted from Wikipedia’s “goods” article, available under the CC BY-SA 4.0 licence.

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