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Goods can be classified into several types:
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Consumer Goods: These are goods purchased by individuals for personal use, further divided into durable goods (long-lasting items like appliances) and non-durable goods (consumables like food).
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Capital Goods: These are items used in the production of other goods or services, such as machinery and tools.
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Intermediate Goods: These are products that are used to produce final goods, such as raw materials and components.
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Public Goods: These are goods that are non-excludable and non-rivalrous, meaning they are available for everyone to use without reducing availability for others, like national defense and public parks.
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