Next read: Examples of Goods
Brown GoodsNon-mechanical durable goods such as a sofa.
Capital GoodsGoods that can be used to create other goods and services.
Club GoodsYou can exclude people from using the good and many people can use it at the same time. Example: a theme park.
CommoditiesInterchangeable goods that consumers will purchase on price alone.
Common GoodsA resource that anyone can use that is depletable such as fish in the ocean.
Common ResourcesGoods that anyone can access such as a public beach.
Complementary GoodsProducts and services that have correlated demand such as the shops at an airport and flights.
Consumer DiscretionaryCustomer products and services that are purchased out of choice as opposed to need such as jewelry.
Consumer GoodsProducts, services and experiences purchased by individuals and households.
Customer DurablesConsumer goods that last more than 3 years such as a baby stroller.
Digital GoodsProducts and services that are completely digital such as a mobile app.
Durable GoodsLong lived products that aren’t consumed. Includes small products such as books while consumer durables traditionally refers to big things.
Economic GoodsGoods produced by humans as opposed to natural goods such as a beach.
Experience GoodsProducts and services that are more of an experience than a physical thing.
Fast-moving Consumer GoodsConsumer goods that are consumed and regularly repurchased such as food.
Finished GoodsReady to be sold to the end-customer.
Inferior GoodsA good that you consume less as you earn more.
Information GoodInformation that has value.
Intangible GoodsGoods with no specific physical presence such as an education.
Luxury GoodsGoods that are relatively expensive and nonessential.
Merit GoodsA product or service where customers have difficulty in assessing quality. For example, the quality of professional advice.
Natural ResourcesValue that would exist without people such as a place of scenic beauty.
Necessity GoodsThings that you can’t stop buying even when your income declines.
Private GoodsThings that can be owned.
Public GoodsGoods that everyone can use where use by one person doesn’t prevent use by another. Example: air.
Substitute GoodsDissimilar goods that can nonetheless substitute for each other such as restaurants and grocery stores.
Superior GoodsGoods that you purchase more as your income rises such as fine dining.
Unsought GoodsGoods that are difficult to sell because people aren’t motivated to buy them.
Veblen GoodsGoods that receive more demand at a higher price. A rare exception to normal laws of supply and demand.
Virtual GoodsGoods that function in a virtual world or environment.
White GoodsMechanical consumer durables such as a washing machine.