Practicing Success
Practicing Success
CUET Preparation Today
Why is services like roads, schools and hospitals called as "Collective consumption"? |
As government can generate revenue from it As the demand for the same is very high As it used by the entire public None of the above |
As it used by the entire public |
The process of using a product or service for direct satisfaction of an individual is called consumption. Using roads, hospitals etc. is known as collective consumption as they are used by the entire public. These are public goods granted by the government. |
