auxiliary goods

1 definition found

auxiliary goods - Collaborative International Dictionary of English v.0.48 :

  Producer's goods \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.
     [Webster 1913 Suppl.] Producer's surplus