consumer good
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consumer good
A product that is bought and used by end consumers to satisfy personal needs. In contrast to capital goods, it is directly consumed or used.
Smartphones und Lebensmittel sind typische Konsumgüter.
Smartphones and food are typical consumer goods.
The word is made up of 'der Konsum' (consumption) and 'das Gut' (good, product). So it literally refers to a good intended for consumption by end customers.
Die Nachfrage nach Konsumgütern ist in diesem Quartal gestiegen.
Demand for consumer goods has risen this quarter.
Although the singular form exists, the word is very often used in the plural 'die Konsumgüter' (consumer goods) to talk about this type of product in general.
In der Wirtschaft unterscheidet man zwischen Konsumgütern und Investitionsgütern.
In economics, a distinction is made between consumer goods and capital goods.
'Konsumgut' (consumer good) is a term from the language of economics. It is used less often in everyday speech, but is common in news or reports about the economy.
Der Bericht analysiert den Markt für langlebige Konsumgüter in Europa.
The report analyzes the market for durable consumer goods in Europe.
In economic contexts, a distinction is often made between 'langlebigen Konsumgütern' (durable consumer goods, e.g. cars, furniture) and 'kurzlebigen Konsumgütern' (non-durable consumer goods, e.g. food).
Ein Kühlschrank ist ein langlebiges Konsumgut.
A refrigerator is a durable consumer good.
product
'das Produkt' and 'das Konsumgut' can both refer to something that is made and sold. However, 'Produkt' is much more general. It can be an item or a service and fits in many situations, for example in advertising, work, or everyday life. 'Konsumgut' is more specific: it means a product that private consumers buy and use or consume themselves, for example clothing, food, or furniture. Learners may confuse the words because every 'Konsumgut' is a 'Produkt'. But not every 'Produkt' is a 'Konsumgut', for example a machine for a company.
Ein Sofa ist ein typisches Konsumgut, weil es von privaten Kunden gekauft und genutzt wird.
A sofa is a typical consumer good because it is bought and used by private customers.
Johanna hat beim Termin ein neues Produkt vorgestellt.
Johanna presented a new product at the meeting.