Meaning of Goods


Goods is the plural of the word good, which has its origin in the Latin term bene. Three main uses of this concept can be named: the philosophical good, the economic good and the legal good.

In philosophy, good is the notion antagonistic to evil. It is a tautological value given to the action of an individual. The good is what is desirable, although not all people want the same. In other words, something that is right for one may not be for another.

Economic goods, on the other hand, are the scarce goods that are acquired in a market after paying a certain price. They can be tangible or intangible, but all economic goods have a value and are capable of being valued in monetary terms.

There are several classifications for economic goods: movable property (which can be traded nationally and internationally), real estate (can only be consumed or used in the economy in which it is produced. For example: a house), complementary goods (which tend to be used together, such as vehicles and fuel), substitute goods (that compete within the market, such as butter and margarine), consumer goods (they do not seek to produce other goods or services) and the capital goods (factors of production that are intended for the production of consumer goods), among others.

Movable property gets its name from the fact that it can be “moved” or “moved” from one place to another with ease, through various means, without sacrificing its integrity or that of the place where it is stored. It is one of the most common types of possessions, since it includes all those that we deposit in rooms and that we can transport, although we do not usually carry them with us daily. In short, this group includes everything that we use to decorate our homes and offices.

It is important to note that for the Law the same object may or may not belong to the category of movable property, and this depends on the branch in which we operate. For example: for civil law, those things that adhere to the floor or other surfaces (tiles, kitchen furniture, etc.) are not considered furniture, but they are for criminal law, because a criminal can steal them. To expand the list, we can add the typical household appliances and devices of mass use, and the home or office furniture (whose name underlines its nature).

Real estate carries the opposite idea in its name: it cannot move. In fact, they are also known as real estate, because they are strongly tied to the ground, attached to it in a way that cannot be separated by physical or legal means from the ground. We could say that human beings acquire these properties to live, work and perform various cultural activities, while we use movable property to complete them and give them specific functions.

As can be deduced, real estate is usually more expensive than furniture, although depending on factors such as brand, exclusivity and age, this can vary. The price is a very important aspect in complementary goods, which exist because one depends on another: the price increase of one negatively affects the demand for the other, as if the price of the increased fuel, because fewer people will want to buy a car. The easiest example to understand is footwear, although we can also mention gloves: although each piece is considered an individual good, it would be very rare to buy them separately.

Finally, it should be mentioned that legal assets are those that are effectively protected by law. It is important to note that the social interest is not a legal asset until it is protected by law.