While products are generally thought of as tangible personal property, products liability has stretched that definition to include intangibles (gas), naturals (pets), real estate (house), and writings (navigational charts).
According to the US Census Bureau's population clock, the estimated 2018 United States population (February 2018) is 327.16 million. This is a bit higher than the 326.77 million estimated by the United Nations.
The first part of the statement -- the U.S. share of the worldâs population -- is pretty much correct. The U.S. has a population of 319.4 million while the global population is about 7.2 billion, according to the Census Bureau. That works out to a 4.4 percent share of the worldâs population.