In an economics and accounting context, what is the difference between goods and merchandise ?
This might help :
Goods: Object material product of economic activity used to meet any business need. Things or rights likely to produce benefits and / or grant rights of economic character are goods.
The merchandise is also a good, it’s just one that sells well.
This leads us to conclude that any property or asset that a company has earmarked for sale are called merchandise.
Reference : http://vspages.com/goods-vs-merchandise-17391/
There is a finely nuanced difference in the circumstances in which each is used.
Goods are things which some individuals and businesses both buy and sell.
Merchandise is something which is sold. One doesn't normally speak of the receipt of some merchandise, unless one is specifically referring to one particular supplier, as in 'We have had trouble with their merchandise before'.