Question

5. Distinguish between final consumer goods and final producer goods.

6. Distinguish between consumer goods and capital goods. Which of these are final goods?

these two questions is very very important​

Answer 1

Explanation:

5. Distinguish between final consumer goods and final producer goods.

=>consumer goods are the final product for the consumption of final consumer while producer goods are the rawmaterial for other production sector.

A producer good is one used by producers: factory machinery, an office desk,raw materials etc.

6. Distinguish between consumer goods and capital goods. Which of these are final goods?

=>Consumer Goods- Goods which are capable of satisfying human needs directly are called consumpton goods. Capital Goods- All goods which help in the production of other goods either as fixed assets or as inventory stocks are called capital goods. Consumer goods are final goods.

Answer 2

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