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Basic Concepts of Economics — Economics STD 9 — Question

ICSE BoardEnglish MediumSTD 9EconomicsBasic Concepts of Economics2 Marks
Question
Define consumption goods. Give two examples.
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Answer

Goods which are consumed (or used) by the consumers for satisfaction of wants are called consumption goods.
Two examples -
(i) Bread purchased by a household (ii) Car purchased by a household

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