Which among the following is a "Consumer good"?
- A car used as taxi in Ola.
- Use of refrigerator in hotel
- T.V. being used in house
Answer & explanation
Correct answer: option 2
The correct answer is Option 2: Only 3
Consumer goods are those goods which are used by the consumers for their personal consumption, whereas, capital goods are the goods which are further used in production process. Thus, only c option i.e. T.V. being used at home is the only consumer goods.
All the other options are producing a service and not directly satisfying consumers.