Giving resins categories the following into consumer goods and producer goods.
Answers
Consumer goods are tangible goods that are purchased for direct consumption to satisfy a human need or want. This is in contrast to producer goods, which are purchased as an input to produce another good.
As I said, consumer goods are those that are purchased for direct consumption. 'Consumption' in this context does not necessarily mean consume, as in eat. There are plenty of consumer goods that no one would consider eating, such as clothes. Clothing is a good purchased to satisfy a human need - the need to be clothed.
Another way to identify a consumer good is to think of a production line. The goods used as inputs at the beginning of the production line are not consumer goods; these would be considered capital or producer goods and might include cloth, plastic, or other materials. The good that is produced at the end of the production line (the clothing item) is a consumer good. It's a final end product made for a buyer to consume.
In this example, the grapes are an input to making the wine. Therefore, the wine is the consumer good while the grapes would be a producer good.
Let's consider a few items you could easily purchase: milk, television, and lumber. You would most likely want to immediately consume milk; therefore, it is a consumer good.
You may want to think of a television as a producer good because it produces entertainment for you. However, televisions are considered a consumer good because they are not an input to produce another tangible good. It is the good produced at the end of the production line to immediately meet the consumer's need for entertainment.
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. The prices of producer goods are not included in the summation of a country’s gross national product (GNP), because their inclusion would involve double counting of costs and lead to an exaggerated estimate of GNP. Only the price of final consumer goods is included in the GNP. The contribution of producer goods to the GNP may be determined through the value-added method. This method calculates the amount of value added to the final consumer good by each stage of the production process. When the values added at all stages of production have been established, they are summed to estimate the total value of the final product.
Examples of Producer Goods:
Sugar – sugar is used as a final good (when it is sold as sugar in the supermarket) or as an input (when it is used as an ingredient in other food products
Steel – a raw material used in the production of many other goods, such as bicycles.
Car engines - Some firms make and use their own, others buy them from other producers as an intermediate good, then use them in their own car.
Paint, plywood, pipe and tube, and ancillary parts.
Wood - wood is used in multiple purposes for construction of building or production of furniture
glass - glass can be used to make dishes, cups, bottles or windows
salt - salt is used in almost all food production
silver and gold - silver and gold can be used for production of jewerly or kitchen utensils and even for food decoration or interior design