What are consumer goods?

Consumer goods refer specifically to products that are manufactured for the purpose of personal consumption by individuals or households. This category encompasses a wide range of items that consumers purchase for their everyday needs, such as food, clothing, electronics, and household items. The distinct characteristic of consumer goods is that they are intended for final use by consumers rather than for further production or manufacturing processes.

In contrast, the other options pertain to different types of goods. Goods used by businesses for production are classified as capital goods or producer goods, while raw materials are essential inputs for manufacturing processes, not finished products for consumption. Goods sold in bulk to retailers might include wholesale products which are then distributed to end consumers but are not directly intended for personal use at the point of sale. Thus, the correct identification of consumer goods as products meant solely for personal consumption highlights their role in the economy as vehicles for satisfying consumer needs and preferences.