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consumer goods Definition

consumer goods

noun

goods, such as food, clothing, etc., for satisfying people's needs rather than for producing other goods or services

consumer goods Finance Definition

Items purchased by consumers that are characterized by their short-term use and are differentiated from capital goods. Food, personal-care items, entertainment, and clothing are examples of consumer goods. Consumer goods loosely defined also can include consumer services such as dry cleaning and haircuts.

consumer goods Law Definition

See goods.