consumer goods

consumer goods

noun plural

: products that people buy for personal use or for use at home

Full Definition of CONSUMER GOODS

:  goods that directly satisfy human wants

First Known Use of 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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