consumer goods

consumer goods
goods that are ready for consumption in satisfaction of human wants, as clothing or food, and are not utilized in any further production (contrasted with capital goods). Also called consumption goods.
[1885-90]

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Any tangible commodity purchased by households to satisfy their wants and needs.

Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and consumption is spread over this span. Nondurable goods (e.g., food, clothing, and gasoline) are purchased for immediate or almost immediate consumption and have a life span ranging from minutes to three years. See also producer goods.

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Universalium. 2010.

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