consumer goods


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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 ?
About CGT Magazine CGT (Consumer Goods Technology) magazine is the leading resource for consumer goods decision-makers looking to improve business performance.
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For the seventh consecutive year, Consumer Goods Technology surveyed readers to identify the year's top-performing solution providers.
This year, CGT polled approximately 160 executives from top consumer goods companies and asked them to evaluate software and service providers.
When analyzed by market group, the data show that the output of consumer goods was unchanged in July, as a gain in residential sales by electric utilities was largely offset by a decline in consumer truck production.
OTCBB: HALO) and a leading developer of software solutions that empower corporations to streamline their analytical process and quickly turn disparate data sources into actionable insights, is pleased to announce that the company has received top honors for Customer Experience in Consumer Goods Technology magazine's annual Readers' Choice awards.
The most significant gains occurred in business equipment and related parts as well as in durable consumer goods other than motor vehicles.
Goldratt's Los Angeles Viable Vision Offer will focus on the Consumer Goods industry detailing their current situation and explicitly addressing the problems manufacturers of consumer goods, as well as this industry's entire supply chain, face.
However, the production of defense and space equipment and of durable consumer goods declined further, and the output of energy materials decreased because of the continuing strike in the coal industry.
Nasdaq:SLGN), a leading supplier of consumer goods packaging products, announced today, as part of its previously announced acquisition of Amcor Limited's White Cap closures businesses in Europe, Asia and South America, the completion of three delayed closings in China, the Philippines and Venezuela.
The output of consumer goods, construction supplies, and materials decreased; the production of business equipment, which posted significant advances earlier this year, edged up for a second month.

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