producer goods

plural noun

Definition of producer goods

: goods (such as tools and raw materials) used to produce other goods and satisfy human wants only indirectly

First Known Use of producer goods

1932, in the meaning defined above

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The first known use of producer goods was in 1932

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producer goods

Legal Definition of producer goods

see good sense 2

More from Merriam-Webster on producer goods

Rhyming Dictionary: Words that rhyme with producer goods Encyclopedia article about producer goods

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