Question 31 of 35
Q.What are Goods ?
Puducherry TnboardTamil Nadu HSC First Year (DGE) Commerce Board 2025Subjective· 2mImportance★★★★★
89% · 31/35 Questions
You're viewing a preview — the full solution, concept, methods & PYQ mapping are locked.
Start your 14-day free trial to unlock the full solution →Goods are tangible, material objects that satisfy human wants and have value in exchange.
In economics, goods refer to all material or tangible things that have the capacity to satisfy human wants and possess value. A thing is regarded as an economic good when it has the following features:
- Utility — it has the power to satisfy a human want.
- Tangibility — goods are material objects that can be seen and touched (this distinguishes them from services, which are intangible).
- Value in exchange — they can be bought and sold for a price.
- Transferability — ownership can be passed from one person to another. …
Unlock everything free for 14 days
- Full step-by-step solutions
- Concept-first explanations
- Methods, shortcuts & mistakes
- PYQ mapping + timed mock tests
Full access for 14 days. No credit card required.