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good

Economics a commodity or service that satisfies a human need

Good

 

in ethics and philosophy, that which includes definite positive meaning. In philosophy the question of good was posed in attempts to explain the meaning of existence and human life and was treated as the problem of the greatest good (summum bonum in Latin, a term introduced by Aristotle); this greatest good determined the relative value of all other goods. The Greek philosophers viewed the greatest good as happiness— “eudaemonia” —the exact meaning of which was defined in various ways by representatives of different schools. For example, the Cyrenaics and Epicurus defined it as pleasure, the Cynics as abstention from passion, and Aristotle and the Stoics as virtue (in the sense of the supremacy of the higher and more rational forms of nature over the lower). Plato considered “the good” to be “the one” which is the basis of all existence. Aristotle distinguished three kinds of good: corporeal (health, strength), external (wealth, honor, glory), and spiritual (intelligence, moral virtue). In the Middle Ages, scholasticism attempted to rework the ideas of the ancient philosophers in terms of the principles of Christian theism. The result was the identification of the greatest good with god, the source of all good and the ultimate goal of human aspiration.

New European philosophy emphasized the role of the subject in determining any sort of good. T. Hobbes and B. Spinoza said that the good is that for which man is striving, that which he needs. Another development which was characteristic of new European ethics was the utilitarian interpretation of good, which reduces it to the idea of usefulness. Kant distinguished the supreme good from the absolute good. The former is good will and moral virtue; and latter requires that virtue be combined with happiness. Thereafter the concept of the good gradually lost its significance and, from the middle of the 19th century was replaced by the concept of value.

In the narrower and specifically ethical sense of the word, the concept of good is opposite to that of evil.

IU. N. POPOV

Material goods Economists consider material goods from two different points of view: in terms of their usefulness (their capacity for satisfying a particular human need) and in terms of how much man has contributed to their production. Accordingly, there are two kinds of value—use value and exchange value. Material goods are usually considered to include consumer goods (services as well as wares) which satisfy a great variety of human needs.

GOOD

References in periodicals archive ?
It's testament to the honesty and good-natured spirit that pervades the vast majority of people in Merseyside.
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Those words drew the following good-natured response from the no-nonsense Wolves boss: "I always find that really comforting that no-one ever says 'I remember playing against Mick McCarthy because he was a really silky passer' or 'his touch was wonderful'.
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Working in tandem with a tough woman cop and a good-natured slob of a veteran policeman, Quinn throws himself into the investigation.
Parents everywhere are sure to see their own experiences reflected in the good-natured humor of the stay-at-home "I prefer to think of it as twenty-five years of maternity leave" mother and well-meaning father with noticeably less stamina around babies at maximum volume ("How come when you look after the kids it's 'parenting' but when I look after the kids it's 'not working'?
It's unfortunate that, since Wild Boy as a whole is an often-funny, sometimes-touching, and fundamentally good-natured variation on a classic theme, Ben-Ner's insistence on allegorizing his medium can seem ponderous by comparison.
The good-natured lampooning of sentiments sank a bit; crisper, more consequential character sketches were needed, yet balletic pep kept fun in the froth.
Schickele has been delighting audiences for years with works of charm, wit and good-natured humor, products of a lively imagination and strong musicological background paired with a finely honed compositional skill.
They have inspired so many good-natured queer punch lines that Las Vegas Review-Journal columnist Norm Clarke listed all the shows on the Strip that rushed to delete jokes about them in the days after the tiger attack.