Question

which goods are called consumer goods in Economic​

Answer 1

Answer:

Explanation:

There are four different types of goods in economics which can be classified based on excludability and rivalrousness: private goods, public goods, common resources, and club goods. Private Goods are products that are excludable and rival. Public goods describe products that are non-excludable and non-rival.

Answer 2

Answer:

goods bought and used by consumers, rather than by manufacturers for producing other goods.

Explanation:

Common examples of consumer durable goods are automobiles, furniture, household appliances, and mobile homes. (See also capital.) Consumer nondurable goods are purchased for immediate or almost immediate consumption and have a life span ranging from minutes to three years.