Question

Distinguish between economic goods and producers goods.

Answer 1

Explanation:

.In economics, goods are materials that satisfy human wants[1] and provide utility, for example, to a consumer making a purchase of a satisfying product. A common distinction is made between goods that are tangible property, and services, which are non-physical.

A consumer good or "final good" is any commodity that is produced or consumed by the consumer to satisfy current wants or needs. Consumer goods are ultimately consumed, rather than used in the production of another good. For example, a microwave oven or a bicycle that is sold to a consumer is a final good or consumer good, but the components that are sold to be used in those goods are intermediate goods. For example, textiles or transistors can be used to make some further goods.

Answer 2

The economic goods are made by man and producer goods are used to make further prediction.

Explanation:

• The economic goods are those that directly foes to the consumer and producer goods are those that rely on the maw materials in order to reach the consumers.

• These economic goods are a much broad category of goods while consumer goods refer to only a specific type of goods. An economic good can be industrial good.

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• brainly.in/question/14099902 answered by saxenaeshika609.