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

Examples of producer goods in a Sentence

Recent Examples on the Web 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, "The American International Order Is Finished," 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, "Here's Your 2019 Dance Party Guide For Art Basel & Miami Art Week," 5 Dec. 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'producer goods.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of producer goods

1932, in the meaning defined above

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Time Traveler for producer goods

Time Traveler

The first known use of producer goods was in 1932

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Cite this Entry

“Producer goods.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/producer%20goods. Accessed 25 Nov. 2020.

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More Definitions for producer goods

producer goods

Legal Definition of producer goods

see good sense 2

More from Merriam-Webster on producer goods

Britannica.com: Encyclopedia article about producer goods

Comments on producer goods

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