consumer goods

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Related to Final good: Intermediate good

Consumer goods

Goods not used in production but bought for personal or household use such as food, clothing, and entertainment.

Consumer Goods

Goods intended to be used by themselves, rather than as part of the production of another good. The most common consumer goods are food and clothing. Most of the time, consumer goods are sold by retailers, as opposed to wholesalers.

consumer goods

products such as television sets, bread and clothing, which are purchased by CONSUMERS for their own personal consumption. See GOOD, CONSUMER DURABLES, CONSUMER NONDURABLES.

consumer goods

any products, such as washing machines, beer, toys, that are purchased by consumers as opposed to businesses. Compare CAPITAL GOODS, PRODUCER GOODS.
References in periodicals archive ?
I have found that the optimal environmental and trade policies for both domestic and foreign countries are in the first best case, the Pigouvian tax, and the reciprocal of the elasticities of the foreign offer curves for the non-numeraire final good and intermediate input, i.
Our results for the effect of final-good trade costs on the death probability of establishments are similar to the results of Bernard, Jensen, and Schott (2006b), and hence provide support for the theoretical channels identified in the heterogeneous-firm models of trade in final goods of Bernard et al.
Individual human capital can be divided into skills in final good production ([H.
2] that keeps the volume of final good imports constant given a carbon price [g.
With the existence of fixed costs of production, only one firm will be allowed to produce each final good.
When none of the final good is produced, the upstream technology is at least as good as the integrated technology.
They produce the final good by bundling all intermediate goods into a single final homogenous commodity purchased by households.
Nevertheless, and consistent with our analysis in the section 'Factors determining labour productivity in the long run', reducing mark-ups in final good production generates output effects mainly from an increase in physical capital.
i] denotes the relative prices of the i-th intermediate good and the final good.
t]) is the home-country rental rate of capital, where the prices of both factor inputs are measured in units of the final good.
Skorupski proposes a more moderate alternative, one holding that there exist 'many normative principles governing action that are justified in their own terms, without derivation from the final good,' yet which 'must give way if they turn out to be systematically incompatible with that final good' (ibid.