Final good

A final good or consumer good is a <a href="/facts/Final_product/y4ADzeJA">final product</a> ready for sale that is used by the <a href="/facts/Consumer/dMflnQGX">consumer</a> to satisfy current wants or needs, unlike an <a href="/facts/Intermediate_good/xgWaVboo">intermediate good</a>, which is used to produce other goods. A <a href="/facts/Microwave_oven/nS1B3wp2">microwave oven</a> or a <a href="/facts/Bicycle/nxBVrlBF">bicycle</a> is a final good.
When used in <a href="/facts/Measures_of_national_income_and_output/XfyDGasx">measures of national income and output</a>, the term "final goods" includes only new goods. For example, <a href="/facts/Gross_domestic_product/zQRgyFKc">gross domestic product</a> (GDP) excludes items counted in an earlier year to prevent <a href="/facts/Double_counting_(accounting)/mb6JL0pv">double counting</a> based on resale of items. In that context, the economic definition of goods also includes what are commonly known as <a href="/facts/Service_(economics)/B7L4tR8r">services</a>.

<a href="/facts/Manufacturing/3qW7bcdy">Manufactured goods</a> refer to products that have undergone processing or assembly, distinguishing them from <a href="/facts/Raw_material/cthCpclF">raw materials</a>.

Final good open-in-new

Final good