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What do you understand by goods? - Economics

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Question

What do you understand by goods?

Very Short Answer
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Solution

  • Goods refer to all desirable things – material goods or non-material goods that satisfy human wants.
    Or
  • Goods are things which are produced to be sold.
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Chapter 3: Basic Concepts of Economics - QUESTION BANK [Page 51]

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J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 3 Basic Concepts of Economics
QUESTION BANK | Q 2. | Page 51
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