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Fast-moving consumer goods (FMCG), also known as consumer packaged goods (CPG) [1] or convenience goods, are products that are sold quickly and at a relatively low cost. Examples include non-durable household goods such as packaged foods , beverages , toiletries , candies , cosmetics , over-the-counter drugs , dry goods , and other consumables .
Household goods are a significant part of a country's economy, with their purchase the topic of magazines such as Consumer Reports, their relocation handled by moving companies, and their disposal or redistribution facilitated by companies like Goodwill Industries, services like classified advertising and Craigslist, and events such as garage ...
In other words, price elasticity of demand is negative for normal goods. Common goods mean that demand and price change in the opposite direction. If something is a normal goods, then the consumer's demand for the goods and the consumer's income level change in the same direction.
The fast-moving consumer goods (FMCG) industry or consumer packaged goods (CPG) industry is mainly responsible for producing, distributing and marketing fast-moving consumer goods. The FMCG industry is the fourth largest sector in the Indian economy. [1]
Goods are items that are usually (but not always) tangible, such as pens or apples. Services are activities provided by other people, such as teachers or barbers . Taken together, it is the production , distribution , and consumption of goods and services which underpins all economic activity and trade .
Convenience foods have also been described as foods that have been created to "make them more appealing to the consumer." [4] Convenience foods and restaurants are similar in that they save time. [5] They differ in that restaurant food is ready to eat, whilst convenience food usually requires rudimentary preparation.
Goods are capable of being physically delivered to a consumer. Goods that are economic intangibles can only be stored, delivered, and consumed by means of media. Goods, both tangibles and intangibles, may involve the transfer of product ownership to the consumer. Services do not normally involve transfer of ownership of the service itself, but ...
Pages in category "Goods (economics)" The following 54 pages are in this category, out of 54 total. ... Consumer goods in the Soviet Union; Consumer protection in ...