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Good (economics)
In
economics
, 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
service
s, which are non-physical.
Commodities
may be used as a
synonym
for economic goods but often refer to marketable
raw materials
and
primary products
.
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