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Contents

1 Used Goods

1.1 Used Cars

1.2 Used Clothes on the Internet

2 See also

Used Goods

A used item is one that is not new or a resource that has been partially or completely depleted. When a person gives an item of some value that they have used to someone else, typically an acquaintance or family member, it is sometimes referred to as a "hand-me-down".

Used items can often be found for sale in thrift stores and pawnshops, as well as internet auction sites. Some stores will take used items in exchange for credit toward the purchase of newer goods. The strategy of buying used items is sometimes used to save money, as they are typically worth less than the equivalent new items. Purchasing used items may also prevent them from becoming waste.

Used Cars

Used cars are especially notable for depreciating in value much faster than many other items. Used cars may have been bought or leased by their previous user, and may be purchased directly from the previous owner or through a dealer. George Akerlof published a paper entitled "The Market for Lemons", examining the effects of information asymmetry on the used car market. Used cars may require more maintenance or have fewer features than later equivalent models.

Used Clothes on the Internet

Used clothes are occasionally sold on the Internet. In particular, the auction website eBay has a policy stating that used garments must be completely clean before being listed for sale and listings for underwear are not allowed at all.[1]

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