Goods
A commodity is goods or services that are traded in the market. If it can be traded in the market by the needs of the economic entity, it can be called a product regardless of type and intangibility. In commerce, all goods sold at a store are called goods. In corporate accounting, the meaning of a product is a little different, meaning that it has not gone through the manufacturing process. This is contrasted with product, and 'product' in corporate accounting means product made through manufacturing process, so it differs from product. For example, if you manufacture a watch by yourself, it is a product, but if you buy a watch from a vendor and sell it, it becomes a commodity. In corporate accounting, it is common to distinguish between goods and services. The place where the goods are traded is called the market. Markets are referred to as retail markets, securities markets, depending on the type of goods being traded.