The goods are all those tangible elements , which fulfill the function of satisfying the needs of individuals. There are many types of goods and we list them below.
Types of Goods
There are many and very diverse needs that individuals need to cover and the type of good that they seek to acquire is in accordance with the type of need .
Goods can be classified according to their functionality into consumer goods and investment goods .
Consumer goods are those goods that, as their name says, are commonly consumed. For example:
- A dress or a pair of shoes.
- Shopping for food in the supermarket.
- A new car.
The investment goods are those that are acquired with the intention of making a profit in the future. For example:
- Acquire a membership in a coffee shop.
- Enrollment in a language course.
- The purchase of a bus that will be used as public transport.
For its degree of transformation
Goods can be classified according to their degree of transformation into intermediate goods and final goods .
The intermediates are those required for the production of other goods, that is, representing the raw material involved in the production cycle of another well. For example:
- Flour is required from it to make bread.
- Mechanical parts are needed to complement the assembly of a car.
- Steel is a good that is required for the construction of a bridge.
The final goods are those that are available to be consumed. For example:
- The bread is ready for consumption.
- A car.
- A bridge is a final good that allows the transit of automobiles.
For your access to the goods
The ease of accessing goods allows us to classify them into public goods and private goods .
The public goods can be defined as those that are access to society in general. For example:
- Collective transport.
- Public education.
- Ecological Park.
Private assets are all those assets that cannot be accessed if you are not the owner of the asset. For example:
- A house.
- A car.
- A cell phone.
By its degree of scarcity
Considering the degree of scarcity that occurs in goods, we can classify them into free goods and economic goods.
The free goods are limitless, that is, access is free and individuals can make use of it without problem. For example:
- The water of the rivers and seas.
Economic goods are those that have restrictions to access them, not just any individual can acquire them. In most cases the restriction is the economic amount they represent. For example:
- A dinner in a fancy restaurant.
- A trip to the beach.
- A new cell phone.
Due to its level of demand
If we consider the level of demand for goods, they are classified into normal goods and inferior goods .
The normal goods are those that react positively to the increase in the income of individuals, ie, greater consumer income, the higher the consumption of these goods. For example:
- A dress and a pair of shoes from a well-known brand.
- A new car.
- Buying an apartment.
The inferior goods are all those that react negatively to the increase in the income of individuals, that is, the higher the income of the consumers, the lower the consumption of these goods. For example:
- Leasing an apartment.
- A pre-owned car.
- A dress and a pair of shoes from a thrift store.
50 examples of goods
- One TV.
- A plane ticket.
- A perfume.
- A hamburger.
- A guitar.
- A water purifying plant.
- A road.
- A drill.
- A building for a company.
- A tractor.
- Cotton for making fabrics.
- Copper for pipe design.
- Sugar for the preparation of a cake.
- Cement for the construction of company buildings.
- Paper for printing a book.
- A cake
- The building of a company.
- A cup of coffee.
- A public hospital.
- Public libraries.
- The monuments.
- The lighting of the avenues.
- A pair of tennis shoes.
- Membership of a gym.
- A bottle of wine.
- Private education.
- A music cd.
- The sand of the beaches.
- The rain.
- Gasoline for the operation of a car.
- A road to the cinema.
- A trip to another country.
- A pool table.
- Registration for tennis classes.
- A well-known brand watch.
- A higher capacity computer.
- A state-of-the-art cell phone.
- Private medical service.
- A travel to Paris.
- Canned food.
- A DVD.
- A second-hand music player.
- Public transport.
- A bicycle.