goods, such as raw materials and machines, that are used in producing other goods
: also producers' goods
producer goods in American English
plural noun
Economics
goods, as machinery, raw materials, etc., that are used in the process of creating consumer goods
Word origin
[1950–55]This word is first recorded in the period 1950–55. Other words that entered Englishat around the same time include: action painting, conflict of interest, drip-dry, point spread, point-of-sale