'goods of the second and higher orders' definitions:

Definition of 'goods of the second and higher orders'

From: GCIDE

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