25 Examples of Goods - encyclopedia

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Types of goods
Examples of goods

In economics, a good It is a tangible or intangible object that has economic value and is produced in order to satisfy a certain need or desire. For example: a car, a ring, a house.

The goods are present in the economic market and can be acquired by the members of a society. They can be exchangeable for money (purchase or sale) or for other goods (exchange or exchange). Goods are scarce and limited. The value of an asset can vary over time.

It can serve you: Goods and services

Types of goods

There are different criteria for classifying goods: according to their nature, their relationship with other goods, their function, their manufacturing process and their durability. These classifications are not mutually exclusive. The same good can be classified differently according to the aspect or characteristic that is taken into account.

According to its nature:

Movable property. They are those goods that can be transferred from one place to another. For example: orNo book, a fridge.
Property. They are those goods that cannot be transferred from one place to another. For example: a building, a stadium.

According to its relationship with other assets:

Complementary goods. They are those goods that are used together with other goods. For example: a pot and a plant
Substitute goods. They are those goods that can be replaced by others because they fulfill a function or satisfy a similar need. For example: sugar and honey to sweeten a dessert.

According to its function:

Consumer goods. They are those goods that are consumed. They are usually the end products of the production chain. For example: a package of rice, a television.
Capital goods. They are those goods of the production process that are used to produce consumer goods. For example: a combine, a machine in a factory.

According to its production process:

Intermediate goods or raw materials. They are those goods that are used to obtain other goods. For example: flour, wood.
Final goods. They are those goods that are manufactured from others and are consumed or used by the population. For example: a pen, a house.

According to its durability:

Durable goods. They are those goods that can be used over a long period of time. For example: a household appliance, a jewel.
Non-durable goods. They are those goods that are consumed or used in a short period of time. For example: a soda, a notebook.

According to your property:

Free goods. They are those assets that are considered the heritage of all humanity. For example: a river, water.
Private goods. They are those goods that are acquired by one or more people, and only they can make use of it. For example: a house, a car.