Products bought for consumption by average consumers. These include items such as food, clothing, electronics etc., which are not used for further production processes but directly consumed by individuals.
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Capital Goods: Goods used in the production of other goods, such as machinery or buildings.
Disposable Income: The amount of money that households have available for spending and saving after income taxes have been accounted for.
Supply and Demand: An economic model which determines price in a market. It postulates that in a competitive market, the unit price will vary until it settles at a point where the quantity demanded equals the quantity supplied.