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Consumption goods are those which are bought to satisfy wants
- a)By banks only
- b)By investors only
- c)By producers only
- d)By consumers
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Consumption goods are those which are bought to satisfy wantsa)By bank...
Explanation:
Consumption goods are those goods which are bought by individuals or households to satisfy their wants. These goods are not used for production or investment purposes but are simply consumed or used up. Examples of consumption goods include food, clothing, and electronics.
Consumption goods are also known as final goods because they are the end product of the production process and are not used for further production.
Consumption goods can be further classified into durable goods and non-durable goods. Durable goods are those goods which have a longer lifespan and can be used for a longer period of time such as cars, furniture, and appliances. Non-durable goods are those goods which are used up quickly such as food, toiletries, and cleaning supplies.
Consumption goods are an important part of the economy as they drive demand for goods and services. When households have more disposable income, they tend to spend more on consumption goods which can lead to economic growth.
In conclusion, consumption goods are those goods which are bought by households to satisfy their wants and are not used for production or investment purposes. They are an important part of the economy and can drive economic growth.
Consumption goods are those goods which are bought by individuals or households to satisfy their wants. These goods are not used for production or investment purposes but are simply consumed or used up. Examples of consumption goods include food, clothing, and electronics.
Consumption goods are also known as final goods because they are the end product of the production process and are not used for further production.
Consumption goods can be further classified into durable goods and non-durable goods. Durable goods are those goods which have a longer lifespan and can be used for a longer period of time such as cars, furniture, and appliances. Non-durable goods are those goods which are used up quickly such as food, toiletries, and cleaning supplies.
Consumption goods are an important part of the economy as they drive demand for goods and services. When households have more disposable income, they tend to spend more on consumption goods which can lead to economic growth.
In conclusion, consumption goods are those goods which are bought by households to satisfy their wants and are not used for production or investment purposes. They are an important part of the economy and can drive economic growth.
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Consumption goods are those which are bought to satisfy wantsa)By banks onlyb)By investors onlyc)By producers onlyd)By consumersCorrect answer is option 'D'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consumption goods are those which are bought to satisfy wantsa)By banks onlyb)By investors onlyc)By producers onlyd)By consumersCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consumption goods are those which are bought to satisfy wantsa)By banks onlyb)By investors onlyc)By producers onlyd)By consumersCorrect answer is option 'D'. Can you explain this answer?.
Consumption goods are those which are bought to satisfy wantsa)By banks onlyb)By investors onlyc)By producers onlyd)By consumersCorrect answer is option 'D'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consumption goods are those which are bought to satisfy wantsa)By banks onlyb)By investors onlyc)By producers onlyd)By consumersCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consumption goods are those which are bought to satisfy wantsa)By banks onlyb)By investors onlyc)By producers onlyd)By consumersCorrect answer is option 'D'. Can you explain this answer?.
Solutions for Consumption goods are those which are bought to satisfy wantsa)By banks onlyb)By investors onlyc)By producers onlyd)By consumersCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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