Goods

Definition

Goods are tangible products that can be bought and sold in economic transactions. They include physical items such as food, clothing, electronics, etc., produced for consumption or use by individuals or businesses.

Related terms

Supply Chain: Supply chain refers to all the processes involved in producing and distributing goods from their point of origin (manufacturer) to their final destination (consumer).

Trade: Trade involves buying and selling goods between individuals, organizations, or countries.

Import/Export: Import refers to bringing goods into one country from another country while export refers to sending goods out from one country to another.