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What is meant by ‘goods’ in economics? - Economics

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Question

What is meant by ‘goods’ in economics?

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 - QUESTIONS [Page 50]

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J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 3 Basic Concepts of Economics
QUESTIONS | Q 1. | Page 50
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