CUET Preparation Today
What do you understand by the term "Consumption good"? |
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 |
Goods which are purchased for consumption purposes |
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. |
