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Distinguish between final consumer goods and …

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Distinguish between final consumer goods and final producer goods?

Posted by Esumit Iepcha 5 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Sneha Manchanda 5 years, 6 months ago

Every good which is purchased by a consumer for the satisfaction of his wants are final consumer goods. Example is vegetables purchased by a household. And every good which is purchased by producers to use that particular good in the process of production and the only condition is that good should be of high value and has a long life span. Example machinery and plant, sewing machine purchased by a tailor , taxi purchased by a taxi driver.

Esumit Iepcha 5 years, 6 months ago

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