Goods refer to tangible items that are produced, bought, sold, or traded in an economy. This term encompasses products such as food, clothing, electronics, furniture, etc.
Related terms
Commodities: Raw materials or primary agricultural products that can be bought and sold, such as oil, wheat, or gold.
Consumer Goods: Products that are purchased by individuals for personal use, like clothing or electronics.
Capital Goods: Items used to produce other goods or services, like machinery or equipment.