consumer goods

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consumer goods


consumption goods

goods that satisfy immediate personal needs rather than goods used in the production of other goods and of services.
Collins Dictionary of Sociology, 3rd ed. © HarperCollins Publishers 2000
The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

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.


The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
In order to focus on the role of incomplete information in the allocation of resources, and to disentangle other effects (such as differences in R&D risks as in Saint-Paul (1997) and (2002)), we assume that all innovators can ensure the success of the innovation process by carrying-out some R&D activities that cost [bar.G] units of the final good Y.
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A function for the final good production is set up with horizontally differentiated intermediate goods as input.
The direct effect of decreasing the foreign pollution tax will be a reduction in the price that the industrial consumers pays for the intermediate input ([mathematical expression not reproducible]), to produce the non-numeraire final good. (26) As a result, intermediate input will have a lower price (for foreign industrial consumers), foreign demand for intermediate input will increase and the supply of the non-numeraire good will increase.
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and China seems to imply that the countries are increasingly interdependent --a characterization that Sposi and Koech claim is unjustified because the manner in which trade is accounted for "fails to identify the contribution of different countries in the intermediate production of the final good and is not representative of actual interdependence."
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