A product that can be produced, bought, and sold, and that has a physical identity. Sometimes said, inaccurately, to be anything that "can be dropped on your foot" or, also inaccurately, to be "visible." Contrasts with service. Trade in goods is much easier to measure than trade in services, and thus much more thoroughly documented and analyzed.

Related Terms

 • mixed  • goodwill  • price insensitive  • Giffen good  • time order  • factory orders  • endorse  • percentage
 more related terms