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Management

Producer goods

Updated on April 12, 2022 · By Ahmad Nasrudin

Producer goods 1
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Producer goods refer to the types of products used by producers in their production processes. They include capital goods (such as machinery, parts, and equipment), semi-finished products, and raw materials. They contrast with consumer goods, which refers to the final products used by consumers.

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Some goods can be categorized as producer goods or consumer goods. Cars, for instance, both consumers and producers, buy them. Likewise, with fuel and computers, both can be used both personally and commercially.

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