Goods Meaning: Definition, Examples, and Translations
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goods
[ษกสdz ]
Definitions
Context #1 | Noun
buying and selling
Goods are products that are made to be sold, such as clothes, electronics, and food.
Synonyms
Examples of usage
- The store sells a wide range of goods.
- Import tariffs are affecting the price of goods.
Context #2 | Noun
possessions
Goods can also refer to personal possessions or belongings.
Synonyms
belongings, possessions, property.
Examples of usage
- He packed his goods and moved to a new city.
- The insurance covers loss of goods during transit.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
Economics
- Goods are categorized into two main types: 'tangible' (physical items) and 'intangible' (services).
- Consumer goods are items bought for personal use, while capital goods are used to produce other goods.
- The flow of goods in an economy is essential for determining its health and growth, often measured by trade balances.
Cultural Significance
- In many cultures, the exchange of goods is an important ritual, such as during festivals or celebrations.
- Artisan goods, handcrafted items, are often valued for their cultural heritage and the stories behind them.
- The way goods are packaged and presented can greatly influence consumer behavior and trends.
Environmental Impact
- The production and transportation of goods contribute significantly to carbon emissions and environmental degradation.
- Sustainable goods aim to reduce environmental impact by using eco-friendly materials and processes.
- The rise of 'slow fashion' promotes environmentally conscious consumption of clothing and goods.
Technology
- E-commerce has transformed the way goods are bought and sold, leading to a global marketplace accessible from home.
- Technological advancements in logistics have made it faster and more efficient to move goods across the globe.
- The concept of 'virtual goods', like digital downloads or in-game items, is expanding the definition of what constitutes a good.
Origin of 'goods'
Main points about word origin
- The word 'goods' comes from the Old English 'god', meaning 'that which is good' or 'beneficial'.
- In Middle English, the term was used as 'goddes' to refer to possessions or property.
- By the 15th century, it evolved to describe the wares available in trade or commerce.
The word 'goods' originated from the Old English word 'gลd', which meant 'property, possessions, belongings'. Over time, it evolved to refer to products that are made to be sold. The concept of goods has been essential to trade and commerce throughout history, playing a crucial role in the development of economies and societies.