Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

What do you understand by the term "Consumption good"?

Options:

Goods which are purchased for the purpose of selling

Goods which are purchased for production purposes

Goods which are purchased for consumption purposes

None of the above

Correct Answer:

Goods which are purchased for consumption purposes

Explanation:

Consumption goods refer to those goods which are purchased for the purpose of consumption and satisfy the wants of the consumers directly. For example, Bread, butter, shirts, pens, television, furniture etc.