What are consumer goods
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Yogita Ingle 6 years, 8 months ago
A consumer good is any good purchased for consumption and not used later for the production of another consumer good. Consumer goods are sometimes called final goods because they end up in the hands of the consumer or the end user. When economists and statisticians calculate gross domestic product (GDP), they do so based off consumer goods.
Examples of consumer goods include food, clothing, vehicles, electronics, and appliances.
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