Economic Goods and Services

Products produced for personal consumption

• Products and resources

• Consumer goods and services

• Industrial resources

• Wholesale goods and services

People who use goods and services to satisfy their wants

• Patients

• Clients

• Consumers

• Products

Consumer goods and services purchased quickly and without much thought or effort

• Convenience Products

• Products and goods

• Industrial products

• Quick stop goods

Physical objects that are useful, scarce, and transferable and which satisfy economic wants

• Economic Wants

• Economic Services

• Economic Goods

• Industrial Goods

Productive acts that are useful, scarce, and transferable and which satisfy economic wants

• Economic Products

• Equipment

• Economic Wants

• Economic Services

A desire for something that can only be satisfied by spending money

• Economic Products

• Economic Want

• Economic Need

• Economic Goods

Industrial goods used in the operation of a business but not used in the actual production of a good or service

• Economic Wants

• Economic Goods

• Equipment

• Products

Tangible objects that can be manufactured or produced for resale

• Intangible goods

• Needs

• Wants

• Goods

Any item purchased as a result of an on‑the‑spot decision to buy

• Product

• Impulse Item

• Convenience Item

• Industrial Good

Products purchased by producers for resale, to make other goods and services, and/or to use in business operations

• Economic Goods

• Products Goods

• Industrial Goods and Services

• Industrial wants