Meaning of Consumer Goods (What they are, Concept and Definition)

Consumer goods they are the goods used by individuals or families. The amount of consumer goods that are sold in each country reflects the population's standard of living and also makes it possible to assess the tastes and characteristics of the society in question. A consumer good is a good that has the objective of satisfying the consumption needs of an individual.

In English, the expression consumer goods is translated as: consumer goods.

Consumer goods are goods produced by man and intended for consumption by people, they are different from intermediate goods, which are used in the production process to be transformed into final goods or capital goods that are the machines used by industries.

Consumer goods are divided into durable, semi-durable and non-durable. Non-durable consumer goods are those made to be consumed immediately, such as food (ice cream, chocolate). Durable consumer goods are those that can be used over and over for long periods, like an automobile, and semi-durables can be considered shoes, clothes, which wear out with the time.

In general, the best examples of consumer goods are food, clothing, chairs, televisions, etc.

Satisfied consumer goods

Satisfied consumer goods is an expression used in economics, which is related to the general law of demand.

Satisfied consumer goods are those whose demand is not affected by consumer income, and therefore the demand for this type of product tends to remain unchanged. Some satiated consumer goods are seen as essential goods such as rice, flour, salt etc.).

Consumer Goods in Brazil

In 2011, in Brazil, the top 10 of the most profitable consumer goods companies was dominated by food and beverage companies. Of the 10 companies, only two do not fit into this category, which is the case of Natura (which sells cosmetics) and Sousa Cruz (a cigarette manufacturer). Check out the 2011 ranking:

1. Bunge Foods;
2. Cargill;
3. Ambev;
4. JBS;
5. Healthy;
6. Brazil Foods;
7. Unilever;
8. Natura;
9. Sousa Cruz;
10. Nestlé.