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Economics a commodity or service that satisfies a human need



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.


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.


References in classic literature ?
I understand you, brother,' replies the lady very smartly; 'you suppose I have the money, and want the beauty; but as times go now, the first will do without the last, so I have the better of my neighbours.
Knowing this, we have to discount the test results of MPE-C, and look carefully at the other MPEs which may give better performance.
Patients with a better collateral system had a smaller segment of the heart that stopped moving when the blood supply was down, and patients without collaterals had a larger segment that stopped moving, Cohen says.
AMD's leading-edge ecosystem, which includes graphics from ATI and NVIDIA and wireless solutions from Airgo, Atheros and Broadcom, will be incorporated in the Better by Design program.
Everyone in the study got better and we don't often see that,'' said Chance Parker, executive director of product and research at Westlake Village- based Power.
The good news was relayed in a phone call from Oprah Winfrey," said Judith Berry Griffin, president of A Better Chance, the non-profit organization that works with academically gifted children of color to help them access expanded educational and career opportunities.
In addition, GASP can use the claims information stored in Phynance to analyze contract performance and better assess the implications of new and proposed contract terms.
It's better than 2004, but still below what we believe is possible when all our business segments are re-positioned,'' he said.
The Better Homes and Gardens Complete Guide to Gardening is a multimedia guide to gardening that taps the power of today's most advanced technology to make gardening information easy to use.
What makes Better Than Chocolate such a lesbian taste treat?
While Thiemann's study is one of the first to suggest that heart-attack patients may fare better at busier centers, work over the past decade examining surgical procedures has suggested a relationship between high volume and favorable outcome.
Rather, the goal is to generate better theories--ones which are both bold and able to stand up under rigorous criticism without resorting to verbal tricks and vagueness.

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