What term refers to goods intended for final use by consumers?

The term that refers to goods intended for final use by consumers is consumer goods. These products are purchased by individuals for personal consumption, meaning they are ready for use without the need for further processing or manufacturing. Consumer goods include items like food, clothing, electronics, and household items that fulfill personal or household needs.

Understanding the classification of goods helps clarify their roles in the economy. Capital goods are used to produce other goods and services and are not consumed directly. Intermediate goods serve as inputs in the production process and often undergo further manufacturing before reaching the consumer. Durable goods, on the other hand, are a subset of consumer goods that are designed to last for an extended period, such as appliances and vehicles, but they still fall under the broader category of consumer goods. Thus, the most specific and accurate term for goods meant for final consumer use is indeed consumer goods.