Consumer goods are items purchased by individuals for personal or household use, as opposed to capital goods, which are used to produce other goods. These goods are essential for daily life and can be classified into durable, non-durable, and services.
Durable goods refer to consumer and business products that are designed and expected to last for several years. These goods are critical indicators of economic activity and investment trends.
Durable merchandise such as televisions, appliances, hardware, furniture, or recording equipment.
Producer goods, also known as intermediate or capital goods, are newer machinery and equipment bought for business use. These are durable goods used in business production to assist in the production of consumer goods and services.
