Consumer goods are items bought by people for their own use, rather than by businesses. Compare capital goods. Goods, such as food and clothing, that satisfy human wants through their direct consumption or use. goods that people buy for their own use, rather than goods bought by businesses and organizations capital goods. Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and consumption is spread over this span. Nondurable goods (e.g., food, clothing, and gasoline) are purchased for immediate or almost immediate consumption and have a life span ranging from minutes to three years. See also producer goods
This is the definition under the Personal Property Security Act, meaning goods that are used or acquired for use primarily for personal, family or household purposes
items purchased by consumers for personal and household use; consumer goods are classified as durables and non-durables See Convenience Goods; Shopping Goods; Specialty Goods; Unsought Goods
New goods acquired by households for their own consumption Comprise three categories: a) Durable goods, which can be used repeatedly or continuously for more than one year, such as motor vehicles and major appliances; b) Semi-durable goods, which can be used on multiple occasions and have an expected lifetime of one year or somewhat more, such as clothing, footwear and linens; c) Non-durable goods, which can be used only once, such as food, gasoline, alcoholic beverages and tobacco; in practice, the latter also include a few goods of little value used more than once, such as household supplies