good

Definition 1

General: Anything other than money, real estate, or services.

Definition 2

Commerce: Inherently useful and relatively scarce tangible item (article, commodity, material, merchandise, supply, wares) produced from agricultural, construction, manufacturing, or mining activities. According to the UN 'Convention On Contract For The International Sale Of Goods,' the term 'good' does not include (1) items bought for personal use, (2) items bought at an auction or foreclosure sale, (3) aircraft or oceangoing vessels.

Definition 3

Economics: Commodity, or a physical, tangible item that satisfies some human want or need, or something which people find useful or desirable and make an effort to acquire it. Goods that are scarce (are in limited supply in relation to demand) are called 'economic goods,' whereas those whose supply is unlimited and which have no price in terms of efforts to acquire them, (such as air) are called 'free goods.'