intangible goods

Definitions

Products that lack a physical presence, such as services, digital files, or intellectual property.

Non-material assets that cannot be touched or held but possess economic value.

Examples

Software and digital music are common examples of intangible goods that are traded globally.

The company's valuation increased significantly after it acquired several patents and other intangible goods.

Unlike physical products, intangible goods do not require traditional shipping or warehousing logistics.

Synonyms

non-physical products digital assets services incorporeal items virtual goods intellectual property abstract commodities

Antonyms

tangible goods physical products material assets corporeal items concrete commodities hard goods merchandise