Question

Distinguish between consumer goods and producer goods. plz answer this.

Answer 1

 Producer goods, also called intermediate goods, in economics, goods manufactured and used in further manufacturing, processing, or resale.Producer goods either become part of the final product or lose their distinct identity in the manufacturing stream.in economics, goods manufactured and used in further manufacturing, processing, or resale. Producer goods either become part of the final product or lose their distinct identity in the manufacturing stream. The prices of producer goods are not included in the summation of a country’s 

A consumer good or final good is any commodity that is produced or consumed by the consumer to satisfy current wants or needs. Consumer goods are ultimately consumed, rather than used in the production of another good. 

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