Definition of Consumer discretionary:
The purchase of consumer discretionary products is often discussed in comparison with its counterpart consumer staples. Both product classifications are influenced by cycles of the economy.
An area or niche of companies that offer goods that are considered to be non-essential. These goods include such items as automobiles and apparel, which is the opposite of companies that produce essential goods such as food.
Consumer discretionary is a term for classifying goods and services that are considered non-essential by consumers, but desirable if their available income is sufficient to purchase them. Examples of consumer discretionary products can include durable goods, high-end apparel, entertainment, leisure activities, and automobiles.
How to use Consumer discretionary in a sentence?
- Consumers tend to spend more on consumer discretionary products in economic growth phases, which are usually characterized by higher disposable income.
- Consumer discretionary can be considered the opposite of consumer staples, which is a classification for companies considered to produce daily necessities.
- Consumer discretionary is a term for classifying goods and services that are considered non-essential by consumers.
Meaning of Consumer discretionary & Consumer discretionary Definition