Which term defines physical items that satisfy human wants and needs?

The term that defines physical items that satisfy human wants and needs is "goods." Goods are tangible products that can be seen, touched, and used. They include items such as food, clothing, electronics, and furniture, all of which fulfill specific needs or desires of consumers. The interaction between goods and consumer demand is a fundamental concept in economics and business, as it underscores the importance of providing products that meet market needs.

In contrast, services refer to activities or benefits that one party provides to another, which are intangible and do not result in ownership of physical objects. Resources can refer to a broader category that includes both physical goods and services, as well as natural resources, labor, and capital, but do not specifically define those physical items. Inputs are any factors used in the production of goods and services, which may include raw materials, labor, and equipment, but again do not directly define the physical items themselves. Therefore, goods is the most appropriate term to describe physical items that satisfy human wants and needs.