This document classifies products into different categories based on their nature, the intentions of their consumers, and their social benefits. Products can be classified as goods, services, ideas, experiences, events, persons, places, properties, organizations, or information based on their nature. Based on consumer intentions, products are either consumer products which include convenience, shopping, specialty, and unsought products, or industrial products which include raw materials, capital equipment, accessory equipment, and component parts. Products can also be classified as pleasing, deficient, salutary, or desirable based on their social benefits.