Economics voc.

Taniya Eaton


In economies, a good is a material that satisfies human wants and provides utility, for example, to a consumer making a purchase, a common distinction is made between 'goods' that are tangible property (also called goods) and services, which are non-physical. commodities may be used as a synonym for economic goods but of ten refer to marketable raw materials products although in economic theory all goods are considered tangible, in reality certain of goods such as information, only take in tangible forms.