Difference between revisions of "Goods"

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A good, like a [[commodity]], is a tangible item capable of being sold and delivered by a seller to a buyer.  Goods are contrasted with [[services]].
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In economics, a good is anything which is desirable, or which has positive [[utility]]. Not all goods can be traded (or even obtained). Goods which are tangible items capable of being sold are termed a [[commodity]], and those which are intangible but still capable of being sold are termed [[services]].
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[[Category:Economics]]
 
[[Category:Economics]]

Revision as of 03:35, March 29, 2007

In economics, a good is anything which is desirable, or which has positive utility. Not all goods can be traded (or even obtained). Goods which are tangible items capable of being sold are termed a commodity, and those which are intangible but still capable of being sold are termed services.

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