Consumer Goods

Consumer Goods
Products that are purchased for consumption by the average consumer. Alternatively called final goods, consumer goods are the end result of production and manufacturing and are what a consumer will see on the store shelf. Clothing, food, automobiles and jewelry are all examples of consumer goods. Basic materials such as copper are not considered consumer goods because they must be transformed into usable products.

The measurement of consumer goods sales is important in the assessment of gross domestic product and in determining the health of the overall economy. Demand for consumer goods indicates whether consumers are willing to part with cash. Items are only counted as consumer goods once - if they are resold, they will not be included in economic calculations.


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Look at other dictionaries:

  • consumer goods — see good 2 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. consumer goods …   Law dictionary

  • consumer goods — Goods that are purchased by members of the public. Consumer durables are consumer goods, such as cars, refrigerators, and television sets, whose useful life extends over a relatively long period. The purchase of a consumer durable falls between… …   Big dictionary of business and management

  • consumer\ goods — • consumer goods • consumer items noun Food and manufactured things that people buy for their own use. In time of war, the supply of consumer goods is greatly reduced …   Словарь американских идиом

  • consumer goods — n. goods, such as food, clothing, etc., for satisfying people s needs rather than for producing other goods or services: also consumers goods …   English World dictionary

  • consumer goods — Goods that are used or acquired for use primarily for personal, family or household purposes. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • consumer goods — Goods which are used or bought for use primarily for personal, family or household purposes. U.C.C. No. 9 109(1). See also consumer goods …   Black's law dictionary

  • consumer goods — Goods which are used or bought for use primarily for personal, family or household purposes. U.C.C. No. 9 109(1). See also consumer goods …   Black's law dictionary

  • consumer goods — A category of goods defined by Article 9 of the UCC. Consumer goods are goods used primarily for personal, family, or household purposes. Typical examples are jewelry, furniture, automobiles, and appliances. American Banker Glossary Goods not… …   Financial and business terms

  • consumer goods — noun goods (as food or clothing) intended for direct use or consumption • Usage Domain: ↑plural, ↑plural form • Hypernyms: ↑commodity, ↑trade good, ↑good • Hyponyms: ↑ …   Useful english dictionary

  • consumer goods — Econ. goods that are ready for consumption in satisfaction of human wants, as clothing or food, and are not utilized in any further production (contrasted with capital goods). Also called consumption goods. [1885 90] * * * Any tangible commodity… …   Universalium

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