consumer goods

(redirected from Consumption goods)
Also found in: Dictionary, Thesaurus, Encyclopedia.

Consumer goods

Goods not used in production but bought for personal or household use such as food, clothing, and entertainment.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

consumer goods

any products, such as washing machines, beer, toys, that are purchased by consumers as opposed to businesses. Compare CAPITAL GOODS, PRODUCER GOODS.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
where [p.sub.t] denotes the relative price of investment to consumption goods at time t.
A symmetric equilibrium at steady-state is when there is a number of firms in each sector j, quantities and prices for each differentiated consumption goods are identical for all qj and for all j such that: [Q.sub.j] = Q for all [MATHEMATICAL EXPRESSION NOT REPRODUCIBLE IN ASCII] for all qj and for all j.
In each period, two goods are produced, a (non-storable) consumption good denoted by c and a capital (investment) good denoted by k.
This fall in GDP, though a natural consequence of lower imports of consumption goods, is often mistakenly perceived as something to be avoided, because it seems to imply that output is below its "potential."
Housing differs from other consumption goods in important ways.
The minister said 38 percent of participants imported intermediary goods, 14 percent imported consumption goods, 7 percent imported investment goods, and 11 percent imported other goods.
In Prescott (1987), Ireland (1994), Lacker and Schreft (1996), and Aiyagari, Braun, and Eckstein (1998), there are alternative means of payment (for example, bank draft, private securities, and credit) other than cash, and an economic agent can choose different means of payment when acquiring consumption goods. In addition to the opportunity cost of holding cash (i.e., the nominal interest rate), the transactions costs of alternative means of payment are introduced as a tradeoff.
"At times of a financial crisis, when unemployment is increasing by the day; when the high cost of living is baring its teeth with daily and repetitive increases on consumption goods, we have in front of us simultaneous increases by various services, such as electricity, water supply and telecommunications," said Varnava.
For example, "television watching" and "eating a meal" are both consumption goods. Both combine individual time with market expenditures.
The first two papers are highly theoretical: one addresses neoclassical growth models and argues that a two-sector model is preferable because technological shocks have different effects on investment goods and consumption goods; the second theoretical paper embeds a production function--which specifies total output for all combinations of inputs--within a dynamic stochastic general equilibrium model and argues that policymakers need models which enable them to compare flexible price concepts based on the production function approach with those based on the real business cycle approach.
Those losing their jobs are, of course, less likely to spend on consumption goods.