Question

Examples of producer goods are-
(a) Machinery
(b) Tractors
(c) Bread
(d) Raw material

Answer 1

Answer:

(a) Machinery

(b) Tractors

(d) Raw material

Producer goods are the goods thar are used in the production process.

Explanation:

• They are also refered to as capital goods, in that, they are the materials that make up the capital of production.
• Consumer goods on the other had are the final goods that are used by the consumer after eing produced through the means offered by producer goods.