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Final good

Index Final good

In economics, any commodity which is produced and subsequently consumed by the consumer, to satisfy his current wants or needs, is a consumer good or final good. [1]

23 relations: Back-story (production), Bicycle, Capital good, Commodity, Consumables, Consumer, Double counting (accounting), Durable good, Fast-moving consumer goods, Fire extinguisher, Flood insurance, Gross domestic product, Impulse purchase, Intermediate good, Measures of national income and output, Microwave oven, Product/process distinction, Raw material, Service (economics), Snowshoe, Speciality goods, Textile, Transistor.

Back-story (production)

Back-story, in the production of consumer goods, is information about the effects of their production.

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Bicycle

A bicycle, also called a cycle or bike, is a human-powered, pedal-driven, single-track vehicle, having two wheels attached to a frame, one behind the other.

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Capital good

A capital good is a durable good (one that does not quickly wear out) that is used in the production of goods or services.

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Commodity

In economics, a commodity is an economic good or service that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.

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Consumables

Consumables (also known as consumable goods, nondurable goods, or soft goods) are goods that are intended to be consumed.

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Consumer

A consumer is a person or organization that use economic services or commodities.

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Double counting (accounting)

Double counting in accounting is an error whereby a transaction is counted more than once, for whatever reason.

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Durable good

In economics, a durable good or a hard good is a good that does not quickly wear out, or more specifically, one that yields utility over time rather than being completely consumed in one use.

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Fast-moving consumer goods

Fast-moving consumer goods (FMCG) or consumer packaged goods (CPG) are products that are sold quickly and at relatively low cost.

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Fire extinguisher

A fire extinguisher is an active fire protection device used to extinguish or control small fires, often in emergency situations.

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Flood insurance

Flood insurance denotes the specific insurance coverage against property loss from flooding.

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Gross domestic product

Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time.

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Impulse purchase

An impulse purchase or impulse buying is an unplanned decision to buy a product or service, made just before a purchase.

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Intermediate good

Intermediate goods or producer goods or semi-finished products are goods, such as partly finished goods, used as inputs in the production of other goods including final goods.

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Measures of national income and output

A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), gross national product (GNP), net national income (NNI), and adjusted national income also called as NNI at factor cost (NNI* adjusted for natural resource depletion).

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Microwave oven

A microwave oven (also commonly referred to as a microwave) is an electric oven that heats and cooks food by exposing it to electromagnetic radiation in the microwave frequency range.

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Product/process distinction

The product/process distinction is the distinction between the product information and the process information of a consumer good.

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Raw material

A raw material, also known as a feedstock or most correctly unprocessed material, is a basic material that is used to produce goods, finished products, energy, or intermediate materials which are feedstock for future finished products.

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Service (economics)

In economics, a service is a transaction in which no physical goods are transferred from the seller to the buyer.

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Snowshoe

A snowshoe is footwear for walking over snow.

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Speciality goods

Speciality goods are a class of consumer goods.

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Textile

A textile is a flexible material consisting of a network of natural or artificial fibres (yarn or thread).

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Transistor

A transistor is a semiconductor device used to amplify or switch electronic signals and electrical power.

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Articles of consumption, Consumer Good, Consumer Goods, Consumer Products, Consumer good, Consumer goods, Consumer product, Consumer products, Consumption good, Consumption goods, Final goods, Manufactured good, Manufactured goods, Manufactured product, Refined goods.

References

[1] https://en.wikipedia.org/wiki/Final_good

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