Practicing Success
Which among the following is a "Consumer good"?
|
1 and 2 Only 3 2 and 3 Only 1 |
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. |