Question

The procee in which basic goods pass through as they are transfirmed into goods for final consumption is called

Answer 1

Consumer goods are further classified into durable and non-durable goods. Durable goods are those which can be used in consumption again and again over a considerable period of time, e.g., chair, car, fridge, shoes, TV set. Non-durable goods are like single use goods which are used up by consumers in a single act of consumption, e.g., milk, fruits, matches, cigarettes, coal, etc.



Capital goods are fixed assets of producers which are repeatedly used in production of other goods and services. Alternatively durable goods which are bought for producing other goods but not for meeting immediate needs of the consumer are called capital goods. These goods are of durable character, e.g., tools, implements, machinery, plants, tractors, buildings, transformers, etc.

Answer 2

Answer:

Answer :

• $\longmapsto$ Consumer goods are further classified into durable and non-durable goods. Durable goods are those which can be used in consumption again and again over a considerable period of time, e.g., chair, car, fridge, shoes, TV set. Non-durable goods are like single use goods which are used up by consumers in a single act of consumption, e.g., milk, fruits, matches, cigarettes, coal, etc.

• $\longmapsto$ Capital goods are fixed assets of producers which are repeatedly used in production of other goods and services. Alternatively durable goods which are bought for producing other goods but not for meeting immediate needs of the consumer are called capital goods. These goods are of durable character, e.g., tools, implements, machinery, plants, tractors, buildings, transformers, etc.