Difference between revisions of "Goods"
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| − | In economics, a good is anything which is desirable, or which has positive [[utility]], though these terms are hard to define. Not all goods can be | + | In economics, a good is anything which is desirable, or which has positive [[utility]], though these terms are hard to define. Not all goods can be traded (or even obtained). Goods which are tangible items capable of being sold are termed [[commodity|commodities]], and those which are intangible but still capable of being sold are termed [[services]]. |
[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 12:16, August 7, 2007
In economics, a good is anything which is desirable, or which has positive utility, though these terms are hard to define. Not all goods can be traded (or even obtained). Goods which are tangible items capable of being sold are termed commodities, and those which are intangible but still capable of being sold are termed services.