goods

[ɡʊdz]

goods Definition

• 1. merchandise or possessions
• 2. benefit or advantage

Using goods: Examples

Take a moment to familiarize yourself with how "goods" can be used in various situations through the following examples!

• Example

  The store sells a variety of goods, from clothing to electronics.

• Example

  The company specializes in the production of consumer goods.

• Example

  The treaty will result in mutual goods for both countries.

• Example

  The thief stole all of the valuable goods from the house.

goods Synonyms and Antonyms

Synonyms for goods

• merchandise
• wares
• commodities
• possessions
• belongings

Antonyms for goods

• bads
• evils
• disadvantages

Phrases with goods

• public goods

  goods or services that are provided by the government and available to all members of society

  Example

  Public goods such as education and healthcare are essential for a functioning society.

• capital goods

  goods used to produce other goods, such as machinery and equipment

  Example

  The factory invested in new capital goods to increase production efficiency.

• consumer goods

  goods intended for personal use or consumption, such as food and clothing

  Example

  The supermarket offers a wide range of consumer goods at affordable prices.

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Summary: goods in Brief

The term 'goods' [ɡʊdz] refers to merchandise or possessions, including public goods, capital goods, and consumer goods. It can also denote benefit or advantage, as in 'The treaty will result in mutual goods for both countries.' 'Goods' is often used in formal contexts, such as business and economics.