producer goods

plural noun

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

Examples of producer goods in a Sentence

Recent Examples on the Web But there is also a need for income-boosting measures for consumer goods and price-dampening interventions in producer goods markets, from strategic reserve management to the excess profits taxes that are being rolled out in Spain and Italy. Nicholas Mulder, Foreign Affairs, 22 Mar. 2022 Mining, raw materials, and manufacturing producer goods saw prices rise +24.9%, +15.2%, and +5.4% respectively year-over-year. Brendan Ahern, Forbes, 11 May 2021 What has changed is the search for cheap labor, because the rise of middle classes in China, India, Southeast Asia, Latin America, and sub-Saharan Africa has increased wages everywhere, giving producers good reason to automate production. Time, 18 Nov. 2019 What: Local boys turned international DJs and producers Good Things Ahead (aka GTA) return home on the strength of a recent label launch, ready to rock the crowd with house, funk, bass and Latin beats. Kat Bein, Billboard, 5 Dec. 2019

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'producer goods.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1932, in the meaning defined above

Time Traveler
The first known use of producer goods was in 1932

Dictionary Entries Near producer goods

Cite this Entry

“Producer goods.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/producer%20goods. Accessed 24 Jun. 2024.

Legal Definition

producer goods

see good sense 2

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