(noun) Anything that people find, grow, or make that is then bought, sold, or traded to satisfy needs or wants.
- 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
- 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
- Word origin of “good” – Online Etymology Dictionary: etymonline.com
- Dobbin, Frank. 2004. The New Economic Sociology: A Reader. Princeton, NJ: Princeton University Press.
- Ensminger, Jean. 2002. Theory in Economic Anthropology. Walnut Creek, CA: AltaMira Press.
- Ertman, Martha M., and Joan C. Williams. 2005. Rethinking Commodification: Cases and Readings in Law and Culture. New York: New York University Press.
- Fligstein, Neil. 2001. The Architecture of Markets: An Economic Sociology of Twenty-First-Century Capitalist Societies. Princeton, NJ: Princeton University Press.
- Granovetter, Mark, and Richard Swedberg. 1992. The Sociology of Economic Life. Boulder, CO: Westview Press.
- Guillén, Mauro F. 2002. The New Economic Sociology: Developments in an Emerging Field. New York: Russell Sage Foundation.
- Mingione, Enzo. 1991. Fragmented Societies: A Sociology of Economic Life Beyond the Market Paradigm. Oxford, United Kingdom: Basil Blackwell.
- Plattner, Stuart. 1989. Economic Anthropology. Stanford, CA: Stanford University Press.
- Polanyi, Karl. 1944. The Great Transformation. Boston: Beacon Press.
- Smelser, Neil J., and Richard Swedberg. 2005. The Handbook of Economic Sociology. 2nd. ed. Princeton, NJ: Princeton University Press.
- Steiner, Philippe. 2011. Durkheim and the Birth of Economic Sociology. Princeton, NJ: Princeton University Press.
- Swedberg, Richard. 1998. Max Weber and the Idea of Economic Sociology. Princeton, NJ: Princeton University Press.
- Weber, Max. 1968. Economy and Society: An Outline of Interpretive Sociology. New York: Bedminster Press.
- allocation of resources
- division of labor
- economic system
- market economy
- market exchange
- reciprocal exchange
- subsistence economy
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 May 20, 2019 (http://sociologydictionary.org/good/).
APA – American Psychological Association (6th edition)
good. (2013). In K. Bell (Ed.), Open education sociology dictionary. Retrieved from http://sociologydictionary.org/good/
Chicago/Turabian: Author-Date – Chicago Manual of Style (16th edition)
Bell, Kenton, ed. 2013. “good.” In Open Education Sociology Dictionary. Accessed May 20, 2019. http://sociologydictionary.org/good/.
MLA – Modern Language Association (7th edition)
“good.” Open Education Sociology Dictionary. Ed. Kenton Bell. 2013. Web. 20 May. 2019. <http://sociologydictionary.org/good/>.