All products may not contribute equally to the economic welfare explain with example
Answers
All products that are brought down in the market by several manufacturing companies, may not always result in the economic welfare of the society, or even themselves.
There are many factors in the market, which determines weather the product, brought by a company shall be accepted by the people in general. If they are purchased by enough customers, it may result in a great loss of the company, a lot of wastage of the products used, and also great loss to the share holders of the company.
Answer:
all products do not contribute equally because there are two types of product 1) which are beneficial for us 2) which are harmful for us
the product which are beneficial contribute more and also increases the welfare but those products which are harmful they may can contribute in economic production but doesn't increases the welfare