goods
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AI overview
Goods are physical items or products that can be bought, sold, or traded, like the medical supplies shown stacked in a warehouse. They matter because they form the foundation of commerce and everyday life, allowing people and businesses to exchange things they need or want.
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Article
17 sectionsContents
- Utility and characteristics of goods
- Types
- Bads
- Exclusivity and competitiveness
- Fourfold model of goods
- Public goods
- Private goods
- Common-pool resources
- Club goods
- History of the fourfold model of goods
- Expansion of fourfold model: anti-rivalrous
- Expansion of fourfold model: semi-excludable
- Trading of goods
- See also
- Notes
- References
- External links
thumb|Tangible medical goods stacked in a warehouse|alt=Cardboard boxes stacked in a warehouse
In economics, goods are anything that is good, usually in the sense that it provides welfare or utility to someone. Goods can be contrasted with bads, i.e. things that provide negative value for users, like chores or waste. A bad lowers a consumer's overall welfare.