consumer goods


Also found in: Dictionary, Thesaurus, Legal, Financial, Acronyms, Wikipedia.
Related to consumer goods: producer goods

consumer goods

or

consumption goods

goods that satisfy immediate personal needs rather than goods used in the production of other goods and of services.

Consumer Goods

 

products of labor destined for nonproduction uses, primarily personal consumption. Consumer goods are material goods used by the population to satisfy its needs. They include food products, clothing and footwear, housing, and the fuel, lighting, water, gas, and electricity used for domestic needs. They also include furniture and household articles, books and magazines, home entertainment equipment, sporting goods, toiletries, and medicines. All material goods used by establishments in the service sphere, including buildings and structures, are consumer goods; the same is true of those sectors that satisfy social needs in administration, science, and defense.

Many products of labor can have either nonproduction or production uses. Thus, flour used at a bread-baking plant, sugar used in making confectionery, and fruits for canning function as means of production.

Services are a special category of consumer goods.

V. F. MAIER

References in periodicals archive ?
People who want to follow and be part of this lively community can visit SGS Consumer Goods & Retail (https://www.
The solution helps leading consumer goods companies collect critical, real-time data in retail stores to improve planning, broker management and in-store execution.
CGT s readers recorded their votes on the consumer goods industry s preferred solutions and service providers across 12 categories, which reflect the vast landscape of IT investment opportunities available today.
The regulations governing unsecured lending and consumer goods financing are extraordinarily complex.
Japan's asset build-up has very little to do with whether Japan is fair or open and everything to do with the lack of demand for consumer goods.
According to Alliston Ackerman, editor of CGT magazine, "Genpact has made significant contributions to the consumer goods industry that we expect to increase in 2013 and beyond.
Mohamed al-Qahtani, Deputy CEO of Al Meera Consumer Goods, said, With the purchase of the Giant Stores in Qatar.
6 in the Business Intelligence category by Consumer Goods Technology readers.
The Consumer Goods Technology 100 was selected by an advisory panel composed of Consumer Goods Technology magazine editors, freelance writers and industry advisors.
com's proprietary, electronic applications will revolutionize yard sales, estate sales and used consumer goods markets by connecting communities of interest with valuable information about the availability, description, and location of used consumer goods of all kinds.
2 percent decline in the production of consumer goods in February reflected reductions in both the durable and nondurable components.
MINNEAPOLIS & LONDON -- Sopheon, the international software and services company, announced today that it has been named one of the top ten suppliers of new product development and introduction solutions to manufacturers in the consumer goods sector based on a survey of senior-executive readers of CGT (Consumer Goods Technology) magazine.

Full browser ?