What are consumer goods?

Consumer goods are finished products bought by individual buyers for their use. Also called final goods or retail goods, consumer goods are the end result of production and manufacturing. Clothing, food products, and appliances are all common consumer goods. Consumer goods are broadly categorized as durable, non-durable, and service goods.

What is the difference between consumer goods and capital goods?

Consumer goods are goods that consumers buy and use, rather than goods that manufacturers use for producing other goods. Goods are products. In other words, things that we grow or make and try to sell to buyers. We exchange money, for example, for goods and services. Capital goods are things that businesses buy to make other things.

What are examples of consumer goods?

Examples of consumer goods include microwaves, fridges, t-shirts, and washing machines – these are all products that consumers purchase for their own use. Consumer goods are different from intermediate goods, which are used in the production of final consumer goods.