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Meaning of PRODUCER'S GOODS

Webster's 1913 Dictionary
 
 Definition: 
\Pro*duc"er's goods\ (Polit. Econ.)
Goods that satisfy wants only indirectly as factors in the
production of other goods, such as tools and raw material; --
called also {instrumental goods}, {auxiliary goods},
{intermediate goods}, or {goods of the second and higher
orders}, and disting. from {consumers' goods}.
 
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