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What is a good?

A good is a tangible economic item. The material value is central, distinguishing it from a service, which is also an economic item but immaterial. The widely accepted definition comes from Austrian-German engineer and professor Artur Kutzelnigg, who described goods as movable economic assets, either naturally limited or man-made, that are subject to trade.

Goods have exchange value and are intended to satisfy needs.

Further explanations of terms.

Efficient and flexible warehouse management

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