- “Goods”
- Meaning: Refers to items or things that are produced for sale or trade. It usually emphasizes the tangible nature of the items and is often used in the context of business and economics. For example, “The company exports a wide range of goods” implies that the company sells various physical products in the international market.
- Usage: Commonly used in phrases like “consumer goods” (products bought by ordinary people for personal use), “finished goods” (products that are completely made and ready for sale), and “goods and services” (referring to both physical products and intangible services in the economy).
- “Commodity”
- Meaning: Similar to “goods”, but often used to refer to raw materials or primary products that can be bought and sold, such as agricultural products, minerals, or energy resources. It also implies that the product is interchangeable with others of the same type and is traded in the market. For instance, “Oil is a major commodity in the global market” highlights the importance of oil as a tradeable product.
- Usage: Frequently used in economic and financial contexts, like “commodity market” (where raw materials and primary products are traded), “commodity prices” (the prices at which these products are sold), and “commodity trading” (the buying and selling of such products).
- “Output”
- Meaning: Can refer to the amount of something produced by a person, machine, factory, or system. It focuses on the quantity or result of the production process. For example, “The factory's output has increased this year” indicates the amount of products produced by the factory has gone up.
- Usage: Used in various fields to talk about production levels. In manufacturing, we have “industrial output”; in agriculture, “crop output”; and in economics, “national output” which refers to the total production in a country.
- “Result”
- Meaning: When related to “product”, it means the outcome or consequence of a process, action, or effort. It can be used in a more general sense to describe what is produced as a final effect. For example, “The research project produced some interesting results” shows that the work and efforts in the research led to certain findings or outcomes.
- Usage: Used in many contexts, such as “the result of an experiment”, “the result of a negotiation”, or “the result of a marketing campaign”, emphasizing the end product or outcome of a particular activity or process.
- “Yield”
- Meaning: Often used in the context of agriculture or investment to refer to the amount of something produced or gained. In agriculture, it's the amount of crops or fruits produced by a piece of land. In investment, it's the return or profit obtained. For example, “The yield of this orchard is very high this year” means the orchard has produced a large amount of fruits.
- Usage: Commonly seen in phrases like “crop yield”, “yield per acre”, “investment yield”, or “yield rate” to indicate the quantity or return of the production or investment.
Product synonym,synonyms of product
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