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Consumption goods

Consumption goods are goods that directly fulfill people's needs. When individuals acquire these goods, they can enjoy their use and obtain immediate satisfaction. In contrast to higher order goods, which require further processing, consumption goods are of a lower order, and their use is not dependent on further production.

Consumption goods can be categorized in different ways. One way to categorize them is by whether they provide service for a prolonged period of time or if they are used up after one use. Durable goods are goods that can provide service over a long time period, such as a car, a television set or a computer. Non-durable goods are goods that are consumed after a single use, such as food or cleaning products.


[[Means]] [[Ends]] [[Production goods]]