Good

Good

A product that can be produced, bought, and sold, and that has a physical identity. Sometimes said, inaccurately, to be anything that "can be dropped on your foot" or, also inaccurately, to be "visible. " Contrasts with service. Trade in goods is much easier to measure than trade in services, and thus much more thoroughly documented and analyzed.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Economy
Category: International economics
Company: University of Michigan
Product:
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