Goods are physical things that are made and sold, like clothes, food, or machines. They are the opposite of services, which are actions done for others.
“Goods” is the plural of “good” in its older sense of property or possessions. Over time, it became a standard term in trade and economics for items that can be bought and sold.
Economists divide the world into ‘goods’ and ‘services’: a phone is a good, but phone repair is a service. Many businesses actually sell a mix of both, even if we only notice the object we carry home.
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