Consumer Goods

Consumer goods refer to products that are purchased by individuals or households for personal use. These goods are typically categorized into three main types:

1. **Durable goods**: Items that have a long lifespan and are not consumed quickly, such as cars, appliances, and furniture.
2. **Non-durable goods**: Products that are consumed or used up quickly, including food, beverages, toiletries, and cleaning supplies.
3. **Services**: Intangible offerings that provide value to consumers, like haircuts, hotel stays, and repairs.

Consumer goods are distinct from industrial goods, which are used by businesses in the production of other products. The consumer goods market plays a significant role in the economy, influencing production, distribution, and marketing strategies across various sectors.