6 Questions
Which type of goods are bought by consumers as final or ultimate goods to satisfy their wants?
Durable goods
Which category of goods includes items like fruit, oil, milk, and vegetables?
Non-durable goods
What is the characteristic of final goods in an economy?
They are used either for final consumption or for investment.
Which type of goods help in the process of production of other goods and services?
Intermediate goods
What is the time dimension of a stock?
Static concept
Which of the following best describes intermediate goods?
Goods that help in the production of other goods and services.
Explore the basics of macroeconomics focusing on consumption goods and capital goods. Learn about the different types of goods bought by consumers and their role in the economy.
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