The statement is partially correct but requires clarification. The term ‘goods’ generally refers to tangible items that are produced and can be sold. This primarily includes the finished products that consumers purchase, such as electronics, clothing, or food.
However, the buildings, structures, machinery, and tools used in the production process are more accurately classified as ‘capital goods’ or ‘infrastructure.’ These are essential components that facilitate the production of consumer goods, acting as the backbone of manufacturing. Capital goods are not sold directly to consumers but are used to produce other goods and services.
In summary, while the statement implies that all the listed items are considered goods, only the final products created from these items qualify as such. The buildings and machinery support the production but do not fall under the typical definition of goods.