2. Commerce: An inherently useful and relatively scarce tangible item produced from agricultural, construction, manufacturing, or mining activities. According to the UN Convention On Contract For The International Sale Of Goods, the term 'good' does not include (1) items bought for personal use, (2) items bought at an auction or foreclosure sale, (3) aircraft or oceangoing vessels.
3. Economics: A commodity, or a physical, tangible item that satisfies some human want or need, or something that people find useful or desirable and make an effort to acquire it.
Goods that are scarce (are in limited supply in relation to demand) are called economic goods, whereas those whose supply is unlimited and that require neither payment nor effort to acquire, (such as air) are called free goods.
Use 'good' in a Sentence
A lot of products I buy come from overseas. It is hard explaining to my clients how the price of or the lead time on a good can often fluctuate. When goods are shipped from China it can take up to 5 weeks where a local good can be picked up that same day.
A lot of products I buy come from overseas. It is hard explaining to my clients how the price of or the lead time on a good can often fluctuate. When goods are shipped from China it can take up to 5 weeks where a local good can be picked up that same day.
The large company dealt in many different areas of merchandising, but their new agricultural goods were the biggest seller now.
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