Question

Write the definition of goods in economics
​

Answer 1

Answer:

$\qquad\qquad\underline{\textsf{\textbf{ \color{magenta}{Solution\:completed} }}}$

Goods are physical products capable of being delivered to a purchaser and involves the transfer of ownership from seller to customer. Goods also refer to commodities or items of all types, except , services, involved in trade or commerce.

Answer 2

In economics, goods are items that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product. ... A good is an "economic good" if it is useful to people but scarce in relation to its demand so that human effort is required to obtain it.