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Final good

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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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References

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

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