good (goods)

(noun) Anything that people find, grow, or make that is then bought, sold, or traded to satisfy needs or wants.

Examples:

  • A basket weaver produces a basket then sells it. The basket weaver uses the money from the sale to buy food. The basket and the food are both goods.
  • Gold is a found good and sold to make jewelry.

Audio Pronunciation: (good)

Download Audio Pronunciation: good (goods).mp3

Usage Notes:

  • Plural: goods
  • The terms good and commodity are often used interchangeably, but while commodities can be sold as is they are often used as raw materials to build goods.
  • Typically coupled with services and written as goods and services when discussing economic matters.
  • Also called:
    • trade good
    • ware

Additional Information:

Related Terms: 

 


Works Consulted

The American Heritage Dictionary of the English Language. 5th ed. 2011. Boston: Houghton Mifflin Harcourt.

Farlex. (N.d.) TheFreeDictionary.com: Dictionary, Encyclopedia and Thesaurus. Farlex. (http://www.thefreedictionary.com/).

Ferrante, Joan. 2011a. Seeing Sociology: An Introduction. Belmont, CA: Wadsworth.

Ferrante, Joan. 2011b. Sociology: A Global Perspective. 7th ed. Belmont, CA: Wadsworth.

Merriam-Webster. (N.d.) Merriam-Webster Dictionary. (http://www.merriam-webster.com/).

Oxford University Press. (N.d.) Oxford Dictionaries. (https://www.oxforddictionaries.com/).

Scott, John, and Gordon Marshall. 2005. A Dictionary of Sociology. New York: Oxford University Press.

Turner, Bryan S., ed. 2006. The Cambridge Dictionary of Sociology. Cambridge: Cambridge University Press.

Wikipedia contributors. (N.d.) Wikipedia, The Free Encyclopedia. Wikimedia Foundation. (https://en.wikipedia.org/).

 

How to Cite the Definition of Good

ASA – American Sociological Association (5th edition)

Bell, Kenton, ed. 2013. “good.” In Open Education Sociology Dictionary. Retrieved December 18, 2018 (https://sociologydictionary.org/good/).

APA – American Psychological Association (6th edition)

good. (2013). In K. Bell (Ed.), Open education sociology dictionary. Retrieved from https://sociologydictionary.org/good/

Chicago/Turabian: Author-Date – Chicago Manual of Style (16th edition)

Bell, Kenton, ed. 2013. “good.” In Open Education Sociology Dictionary. Accessed December 18, 2018. https://sociologydictionary.org/good/.

MLA – Modern Language Association (7th edition)

“good.” Open Education Sociology Dictionary. Ed. Kenton Bell. 2013. Web. 18 Dec. 2018. <https://sociologydictionary.org/good/>.