Economy, asked by salman7681, 4 months ago

2 differences between produced goods and consumer goods​

Answers

Answered by sethumart
0

Explanation:

Industrial goods are materials used in the production of other goods, while consumer goods are finished products that are sold to and used by consumers. Industrial goods are bought and used for industrial and business use. They are made up of machinery, manufacturing plants, raw materials, and any other good or component used by industries or firms. Consumer goods are ready for the consumption and satisfaction of human wants, such as clothing or food.

Answered by SWEETYASH
1

Consumer goods are those goods which are consumed directly by the consumer after it's purchase. Whereas producer goods are those goods which are used by producers as raw material and which further undergo certain processes in order to make a final or consumer good.

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