Question

What are goods? What are its various kinds?​

Answer 1

Answer:

Goods can be anything from merchandise, supplies, raw materials to already completed products. All items that are movable and are sold to a particular buyer. Goods are usually categorised into any of the following: ... Soft goods: are consumer goods that are not durable and can break, such as clothing.

Explanation:

There are four different types of goods in economics, which can be classified based on excludability and rivalrousness: private goods, public goods, common resources, and club goods. Private Goods are products that are excludable and rival. Public goods describe products that are non-excludable and non-rival.