Goods

Definition

Goods is a noun referring to physical items or merchandise that are produced, transported, and sold. It encompasses tangible commodities that can be bought, sold, or traded in markets. The term is often contrasted with services, which are intangible.

Parts of Speech

• Noun (plural)

Pronunciation

American English

• IPA Pronunciation: /ɡʊdz/
• Respelling: GUUDZ

British English

• IPA Pronunciation: /ɡʊdz/
• Respelling: GUUDZ

Etymology

The word "goods" originates from Old English "gōd," meaning "something useful or valuable," which evolved into the plural form to describe tangible items of trade or value. It is related to the Proto-Germanic "*gōdaz," meaning "fit, suitable, or good."

Derivatives

• Good (singular form, noun/adjective)
• Goods-producing (adjective)
• Goods carrier (noun)
• Goods train (noun)
• Goods exchange (noun)

Synonyms

• Merchandise
• Products
• Commodities

Antonyms

• Services
• Intangibles
• None

Usage

The noun "goods" is often used in commercial and economic contexts, such as "The store sells household goods and electronics." It is also used in transportation, e.g., "The goods were shipped by rail."

Related Terms

• Services: Intangible activities provided to customers.
• Trade: The exchange of goods and services.
• Inventory: The stock of goods available for sale.

Detailed Definitions

Noun (Plural)

• Physical items or merchandise: Refers to tangible products bought, sold, or traded.
  • Example: "The company specializes in high-quality consumer goods."
• Possessions or personal belongings: Refers to property owned by an individual.
  • Example: "He packed all his goods into the moving van."
• Freight or cargo: Refers to items transported for trade or commercial purposes.
  • Example: "The train carried industrial goods across the country."