Goods - GCSE Business Definition

Goods are tangible items that are produced, purchased, and consumed to satisfy human wants and needs. These physical products can range from everyday items like food and clothing to more durable goods such as furniture and cars. The production and sale of goods are crucial components of the economy, with businesses involved in various stages from manufacturing to retail. Understanding goods is fundamental for GCSE Business students as businesses supply what consumers demand, influencing pricing, supply chains, and marketing strategies.