New goods acquired by households for their own consumption. Comprise three categories:
a) Durable goods, which can be used repeatedly or continuously for more than one year, such as motor vehicles and major appliances;
b) Semi-durable goods, which can be used on multiple occasions and have an expected lifetime of one year or somewhat more, such as clothing, footwear and linens;
c) Non-durable goods, which can be used only once, such as food, gasoline, alcoholic beverages and tobacco; in practice, the latter also include a few goods of little value used more than once, such as household supplies
In economics final goods are goods that are ultimately consumed rather than used in the production of another good.
For example, a car sold to a consumer is a final good; the components such as tires sold to the car manufacturer are not; they are intermediate goods used to make the final good.
Consumergoods are exactly the same as final goods, but with the subtle difference that they are specifically intended for the mass market.
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