Definitions (2)
Related Terms
1. Commerce: An inherently useful and relatively scarce tangible item (article, commodity, material, merchandise, supply, wares) 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.
2. 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 'goods' in a Sentence

All the goods brought into the Long Beach Harbor are subject to inspection, either by the USDA, FDA, or it could be the INS, just to name a few of the import regulations governing entry into our country.
17 people found this helpful
We went to the store the other day and were surprised at the amount of goods that were on sale there.
14 people found this helpful
When you are shipping your goods you should be sure that you choose a reliable company to handle the job with no damages.
14 people found this helpful