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 Good (economics)

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tranthuongbn



Number of posts : 5
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Registration date : 2010-12-23

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PostSubject: Good (economics)   Good (economics) Icon_minitimeMon Dec 27, 2010 3:23 pm

In economics and accounting, a good is a product that can be used to satisfy some desire or need. More narrowly but commonly, a good is a tangible physical product that can be contrasted with a service which is intangible. As such, it is capable of being delivered to a purchaser and involves the transfer of ownership from seller to customer. For example, an apple is a tangible good, as opposed to a haircut, which is an (intangible) service. One usage that preserves the distinction between goods and services by including both is commodity. In microeconomics, a 'good' is often used in this inclusive sense of the word (Milgate, 1987).

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lunamoonfang



Number of posts : 37
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Registration date : 2010-12-30

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PostSubject: Re: Good (economics)   Good (economics) Icon_minitimeFri Dec 31, 2010 4:42 am

In economics and accounting, a good is a product that can be used to satisfy some desire or need. More narrowly but commonly, a good is a tangible physical product that can be contrasted with a service which is intangible. As such, it is capable of being delivered to a purchaser and involves the transfer of ownership from seller to customer. For example, an apple is a tangible good, as opposed to a haircut, which is an (intangible) service.


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