producer goods

plural noun

, Economics.

1. goods, as machinery, raw materials, etc., that are used in the process of creating consumer goods.

producer goods

plural noun

1. See capital goods
   other terms for capital goods

Word History and Origins

Origin of producer goods¹

First recorded in 1950–55

Example Sentences

The further technical progress advances, the more do consumer goods recede as compared with producer goods.

From Project Gutenberg

Yet the upshot of all this is not accumulation of capital but an increasing production of producer goods to no purpose whatever.

From Project Gutenberg