Fundamental Concepts and Terminologies — Economics STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsFundamental Concepts and Terminologies1 Mark
Question
Give the meaning and example of consumer goods.
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Answer
When a consumer consumes a good and the good is capable of directly satisfying a particular want then it is called a consumer good. These goods have passed the final stage of production. Example: Cooked food.
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