Goods

From Conservapedia - Reading time: 1 min

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Good redirects here. For the general concept of good, see Good and evil.

In economics, a good is anything for which people will pay. The value of a good varies according to its utility and its scarcity at a particular time and at a particular price. Not all goods can be traded (or even obtained). Goods which are tangible items capable of being sold are termed commodities, and those which are intangible (but still capable of being sold) are termed services. There are many types of goods, including capital goods and consumer goods.