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History for Goods (history as of 08/07/2014 16:10:23)

The economic definition of a good or commodity is any object or service that increases utility, directly or indirectly. A good that cannot be used by consumers directly, such as in the case of an office building or capital equipment, can also be referred to as a good but as an indirect source of utility through resale value or as a source of income. A 'good' in economic usage does not imply moral acceptance or even legality.

  

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