Economics

1. GOODS AND TYPES OF GOODS
G U I D E D B Y - S U B M I T T E D B Y-
D r. T I K A M C . G O YA L A S H I S H K U M A R
D r. R O H I TA S H D O O T
COLLEGE OF VETERINARY & ANIMAL SCIENCE , NAVANIA
VALLABHNAGAR UDAIPUR ( RAJ.)

2. DEFINITION OF GOODS –
In economics , good may be defined
as material that satisfy human wants
and provide utility . For example :-
a consumer making a purchase of
satisfying product.

3. Type of goods
(1) According to material or non material :
(A) Material goods(tangible goods) -
Having physical existence are visible.
Example—Land , Food , building
(B) Non-material goods(non tangible goods) -
Having non physical existence.
example-Services like teaching , service of
doctors.

4. 2) According to their supply:
(A) Free good- Supply more than demand
Example- water , air etc.
(B) Economic good: supply more than
demand.It can obtain by paying a price
Example-clothes , foods etc.
(3) According to their transferability-
(A) Transferable goods-Those goods whose
ownership can be transferred from one to another
person,
Example –machinery, building, animals.
(B) Non-transferable goods –Which can not transfer
from one to another person.
Example-Skills , knowledge ,inteligency etc.

5. (4) According to their consumption-
(A) Consumer goods –These are the goods which are
consume directly by the user.They satisfy the
human want directly .
Example – biscuit packet, etc.
(B) Producer or capital goods –
Do not directly satisfy wants .They are used for
production of other goods.
Example-machine etc.
(5) According to good being public & private -
(A) Public goods-are those which are common to all
&are owned by soceity .
(B) Private goods-are the property of individual.
Example-Land , building.

6. .
(6)According to their durability-
(A)single used goods-single time use only
(monoproduction goods)
a -single use consumer goods-food,tea , eggs.
b-single use production goods –raw material.
(B)Durable goods (polyperiod goods )-which can be
used again & again over a time period.
(a)Durable use consuption goods-Example-motter
car,Jewellary,cloths
(b)Durable use produce goods-Example-
machinary,building,goods

7. THANK YOU