Question

What type of goods are those which help in creating utility by taking part in production process?

(a) Producers' (b) Consumers' (c) Public (d) Private​

Answer 1

Answer:

The four types of economic utility are form, time, place, and possession, whereby utility refers to the usefulness or value that consumers experience from a product.

Answer 2

Answer:

Private goods

Explanation:

Private goods are the ones which are manufactured and sold by the private companies to satisfy the consumer needs and wants.

So they take part in Production Process.

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