consumer goods
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About Our Definitions: All forms of a word (noun, verb, etc.) are now displayed on one page.consumer goods
noun pluralDefinition of CONSUMER GOODS
: goods that directly satisfy human wants
First Known Use of CONSUMER GOODS
1890
Rhymes with CONSUMER GOODS
consumer goods
(Concise Encyclopedia)Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and consumption is spread over this span. Nondurable goods (e.g., food, clothing, and gasoline) are purchased for immediate or almost immediate consumption and have a life span ranging from minutes to three years. See also producer goods.
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