What is an industrial good?

A A scarce good with a high price

B. A good that is marketed using price competition

C. A good that is purchased by a business for producing other products

D. A good that is purchased for personal use

Industrial goods are materials used in the production of other goods, while consumer goods are finished products that are sold to and used by consumers ... They are made up of machinery, manufacturing plants, raw materials, and any other good or component used by industries or firms. In economics, goods are items that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product. A common distinction is made between goods which are transferable, and services, which are not transferable.