Question

How are industrial goods different from consumer goods? Explain

Answer 1

Industrial goods are made up of machinery manufacturing plants and any other good or component used by other industries or firms. Consumer goods are ready for the consumption and satisfaction of human wants, such as clothing or food or toys.


Hope this helps!

Answer 2

Industrial goods are purchased by companies that use them for their regular business purposes, e.g. for manufacturing other products. While consumer goods are purchased and consumed by individuals to satisfy their personal needs and wants.

Industrial goods usually include: machinery, raw materials, equipment, power generators, etc.

Consumer goods usually include: food, clothes, furniture, household appliances, etc.