Goods vs. Product

By Jaxson

Goodsnoun

That which is produced, then traded, bought or sold, then finally consumed.

Productnoun

A commodity offered for sale.

‘That store offers a variety of products.’; ‘We’ve got to sell a lot of product by the end of the month.’;

Goodsnoun

}} Something authentic, important, or revealing.

Productnoun

Any preparation to be applied to the hair, skin, nails, etc.

‘Wash excess product out of your hair.’;

Goodsnoun

freight not passengers

Productnoun

Anything that is produced; a result.

‘The product of last month’s quality standards committee is quite good, even though the process was flawed.’;

Goods

See Good, n., 3.

Productnoun

The amount of an artifact that has been created by someone or some process.

‘They improve their product every year; they export most of their agricultural production.’;

Goodsnoun

articles of commerce

Productnoun

A consequence of someone’s efforts or of a particular set of circumstances.

‘Skill is the product of hours of practice.’; ‘His reaction was the product of hunger and fatigue.’;

Goods

In economics, goods are items that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product. A common distinction is made between goods which are transferable, and services, which are not transferable.A good is an if it is useful to people but scarce in relation to its demand so that human effort is required to obtain it.

‘economic good’;

Productnoun

(chemistry) A chemical substance formed as a result of a chemical reaction.

‘This is a product of lime and nitric acid.’;

Productnoun

(arithmetic) A quantity obtained by multiplication of two or more numbers.

‘The product of 2 and 3 is 6.’; ‘The product of 2, 3, and 4 is 24.’;

Productnoun

(mathematics) Any operation or a result thereof which generalises multiplication of numbers, like the multiplicative operation in a ring, product of types or a categorical product.

Productnoun

Any tangible or intangible good or service that is a result of a process and that is intended for delivery to a customer or end user.

Productnoun

Illegal drugs, especially cocaine, when viewed as a commodity.

‘I got some product here – you buying?’;

Productnoun

Anything that is produced, whether as the result of generation, growth, labor, or thought, or by the operation of involuntary causes; as, the products of the season, or of the farm; the products of manufactures; the products of the brain.

‘There are the productOf those ill-mated marriages.’; ‘These institutions are the products of enthusiasm.’;

Productnoun

The number or sum obtained by adding one number or quantity to itself as many times as there are units in another number; the number resulting from the multiplication of two or more numbers; as, the product of the multiplication of 7 by 5 is 35. In general, the result of any kind of multiplication. See the Note under Multiplication.

Productverb

To produce; to bring forward.

Productverb

To lengthen out; to extend.

‘He that doth much . . . products his mortality.’;

Productverb

To produce; to make.

Productnoun

commodities offered for sale;

‘good business depends on having good merchandise’; ‘that store offers a variety of products’;

Productnoun

an artifact that has been created by someone or some process;

‘they improve their product every year’; ‘they export most of their agricultural production’;

Productnoun

a consequence of someone’s efforts or of a particular set of circumstances;

‘skill is the product of hours of practice’; ‘his reaction was the product of hunger and fatigue’;

Productnoun

a chemical substance formed as a result of a chemical reaction;

‘a product of lime and nitric acid’;

Productnoun

a quantity obtained by multiplication;

‘the product of 2 and 3 is 6’;

Productnoun

the set of elements common to two or more sets;

‘the set of red hats is the intersection of the set of hats and the set of red things’;

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