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consumer goods
[ kuhn-soo-mer goodz ]
plural noun
- goods that are bought and used in satisfaction of human wants, as clothing, food, or appliances, and are not utilized in any further production ( capital goods ).
consumer goods
plural noun
- goods that satisfy personal needs rather than those required for the production of other goods or services Compare capital goods
consumer goods
- Goods , such as food and clothing, that satisfy human wants through their consumption or use. ( Compare capital goods .)
Word History and Origins
Origin of consumer goods1
Example Sentences
Answer: Tariffs of up to 100% on imported products could dramatically increase the cost of many consumer goods, including appliances and cars.
To put this in context, up to 20-50% of the heat used to transform raw materials into consumer goods ends up being wasted, costing the United States economy over $200 billion annually.
This includes tariffs on simple consumer goods from China — tiki torches, vacuum cleaners, baby blankets, etc. — as well as supposed national security tariffs on metals from close allies in Europe and Asia.
The prospect of paying more for consumer goods was especially unappealing after years of high inflation, which has led to a persistent feeling among many people that they’re on shaky financial footing.
“To me, that’s the difference between mainstream consumer goods versus luxury goods. The cleats signified something that I wanted to be a part of.”
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