products (Goods)
Products, also known as goods, are tangible items that can be bought or sold. They can be classified into two main categories: consumer goods, which are intended for personal use, and industrial goods, which are used in the production of other products. Examples of consumer goods include clothing, food, and electronics, while industrial goods might include machinery and raw materials.
Products are essential in the economy as they fulfill the needs and wants of consumers. They are created through various processes, including manufacturing and assembly. The quality, price, and availability of products can significantly influence consumer choices and market trends.