Market goods are products that are bought and sold in a marketplace. These goods can be tangible items, like food, clothing, or electronics, or they can be services, such as haircuts or car repairs. The price of market goods is determined by supply and demand, meaning that if many people want a product, its price may increase. Market goods can be categorized into different types, including consumer goods, which are intended for personal use, and capital goods, which are used to produce other goods. Understanding market goods is essential for both consumers and businesses to make informed purchasing and selling decisions.