| Dictionary: consumer goods |
pl.n.
Goods, such as food and clothing, that satisfy human wants through their direct consumption or use.
| Dictionary: consumer goods |
Goods, such as food and clothing, that satisfy human wants through their direct consumption or use.
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| Financial & Investment Dictionary: Consumer Goods |
Goods bought for personal or household use, as distinguished from Capital Goods or producer's goods, which are used to produce other goods. The general economic meaning of consumer goods encompasses consumer services. Thus the market basket on which the Consumer Price Index is based includes clothing, food, and other goods as well as utilities, entertainment, and other services.
| Marketing Dictionary: consumer goods |
Merchandise made to be used by the consumer for personal use; also called consumer products. Such items as food and clothing are considered to be consumer goods. Automobiles are likewise consumer goods, but the chrome sold to the automobile manufacturer for use on an automobile is not. (The chrome would come under the category of industrial goods.) Consumer goods are further classified as nondurables and durables, soft goods and hard goods, and packaged goods.
| Britannica Concise Encyclopedia: consumer goods |
For more information on consumer goods, visit Britannica.com.
| Law Dictionary: Consumer Goods |
Goods which are "used or bought for use primarily for personal, family, or household purposes." U.C.C. §9-109. "Consumer goods" is one of four categories of goods distinguished by the Uniform Commercial Code; the classifications are important for such purposes as determining the rights of persons who buy goods subject to a security interest, rights after a default, and rights among those with conflicting security interests in the same collateral. Thus, consumer goods are to be distinguished from
| Economics Dictionary: consumer goods |
Goods, such as food and clothing, that satisfy human wants through their consumption or use. (Compare capital goods.)
| Wikipedia: Final goods |
In economics final goods are goods that are ultimately consumed rather than used in the production of another good. For example, a car sold to a consumer is a final good; the components such as tires sold to the car manufacturer are not; they are intermediate goods used to make the final good.
When used in measures of national income and output the term final goods only includes new goods. For instance, the GDP excludes items counted in an earlier year to prevent double counting of production based on resales of the same item second and third hand. In this context the economic definition of goods includes what are commonly known as services.
Consumer goods are final goods specifically intended for the mass market. For instance, consumer goods do not include investment assets, like precious antiques, even though these antiques are final goods.
Manufactured goods are goods that have been processed by way of machinery. As such, they are the opposite of raw materials, but include intermediate goods as well as final goods.
This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)
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| consumer goods |
| Hard Goods (finance term) | |
| producer goods | |
| Final Goods (business term) |
| Difference between basic goods capital goods intermediate goods and consumer goods? Read answer... | |
| The present choice between investing in capital goods and producing consumer goods now affects the ability of an economy to produce in the future. Explain.? Read answer... | |
| What is Differences between consumer goods and capital goods? Read answer... |
| Divide consumer goods and industrial goods in inferior goods superior goods giffen goods and normal goods? | |
| Why does the business cycle affect output and employment in capital goods industries and consumer durable goods industries more severaly than in industries producing consumer nondurable? | |
| How the approach to marketing industrial goods differs from that which is used to market consumer goods Explain? |
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