(a) Industrial Goods: These are goods that need to undergo processing. They are raw materials that would be converted into semi-finished or finished goods. Examples: cotton wool, timber, fresh fish, fresh tomatoes, etc.
(b) Consumer Goods: These are goods that have been processed into finished goods for personal use/consumption. Examples: tin tomatoes, smoked fish, fruit juice, garri, etc.
(c) Primary Products: These are all farm produce that have not undergone processing. Examples:- Cotton wool, yam tuber, cassava tuber, fresh fish, fruits, fresh tomatoes, etc.
(d) Secondary Products: These are farm produce that have undergone processing. Examples: garri, yam flour, smoked fish, corn flour, tomatoes paste, dry fish, etc.