Goods

Definition

In the context of the Industrial Revolution, goods refer to physical products or commodities produced for sale or trade. They can include textiles, machinery, tools, food items, and various other consumer or industrial products.

Related terms

Capitalism: An economic system based on private ownership of businesses and resources with an emphasis on profit-making through the production and exchange of goods.

Consumerism: The ideology that encourages individuals to acquire more goods as a means of achieving happiness or satisfaction.

Trade unions: Organizations formed by workers to protect their rights in negotiations with employers regarding wages, working conditions, and benefits.