Question

Difference between consumer goods and producer goods

Answer 1

Consumer goods are those goods that are consumed directly by the consumers and they are there to server the emerging wants and needs of a consumer, while producer goods are those that goods that may be used to produce other goods, the example of the producer goods may be the technological machines which are used in production of other goods

Answer 2

"Difference between consumer goods and producer goods are given below.

Consumer goods:

1. Those goods that are purchased or available in the market to satisfy the human need are called consumer goods.
2. It is the good which is produced at the end of the production line.
3. In wine making process, the wine is called as consumer good.

Producer goods:

1. Those goods that are available in the market and are purchased as raw material to produce another product, it is called as Producer goods.
2. It is the good which is used in the beginning of the production line.
3. In the wine making process, as grapes are used in the preparation of wine, they are called as producer goods."