Question

What makes a consumer good or a producer good? Give at least two examples each of consumer goods and producer goods from your daily life

Answer 1

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Answer 2

Consumer goods are goods meant for consumption they are also known as final products while producer goods are meant to be processed and converted into consumer goods.

Consumer goods include products such as foodstuffs and cars. While producer goods are products such as plastic sheets for manufacturing pipes waste paper that can be turned into tissue.