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tangible good
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physical asset which is the subject of trade or could come as an object of trade turnover into consideration
Wikidata facts
- Subclass of
- perceptible physical object
- Image
- Fredmeyer edit 1.jpg
- Said to be same as
- tangible property
- Has use
- barter
Show 4 more facts
- different from
- product
- opposite of
- intangible good
- has cause
- accounting standard
Sources (1)
via Wikidata · CC0
~14 min read
Encyclopedic overview
Tangible medical goods 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.
Excerpted from Wikipedia’s “tangible good” article, available under the CC BY-SA 4.0 licence.