The consumer goods sector includes a wide range of retail products purchased by consumers, from staples such as food and clothing to luxury items such as jewelry and electronics. While overall demand for food is not likely to fluctuate wildly—although the specific foods consumers purchase can vary significantly under different economic conditions—the level of consumer spending on more optional purchases, such as automobiles and electronics, varies greatly depending on a number of economic factors. The economic factors that most affect the demand for consumer goods are employment, wages, prices/inflation, interest rates, and consumer confidence
The benevolent period of Salutary Neglect all changed after the French and Indian War (aka Seven Years War 1755-1763) Although the French and Indian War was a victory for the British they were left with a massive war debt. To pay the war debt the British ended their policy of Salutary Neglect in the colonies.
