CA Foundation Exam  >  CA Foundation Questions  >  Comforts lies between thea)inferior goods and... Start Learning for Free
Comforts lies between the
  • a)
    inferior goods and necessaries
  • b)
    luxuries and inferior goods
  • c)
    necessaries and luxuries
  • d)
    none of the above
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Comforts lies between thea)inferior goods and necessariesb)luxuries an...
Comfort Goods and Their Classification

Introduction
Goods can be classified into various categories depending on the level of necessity or luxury they offer. Comfort goods are one such category of goods that lies between necessaries and luxuries. In this article, we will discuss comfort goods and their classification.

What are Comfort Goods?
Comfort goods are those goods that provide a certain level of comfort or pleasure to the consumer, but are not considered a necessity for survival. They are goods that people can live without, but choose to buy because they enhance their quality of life. Some common examples of comfort goods include items such as air conditioners, cars, televisions, and smartphones.

Classification of Goods
Goods can be classified into various categories based on their level of necessity or luxury. The three main categories of goods are necessaries, comfort goods, and luxuries.

Necessaries
Necessaries are goods that are essential for survival and basic needs. They include items such as food, clothing, shelter, and medical care.

Comfort Goods
Comfort goods lie between necessaries and luxuries. They are goods that provide a certain level of comfort or pleasure but are not considered essential for survival. Some common examples of comfort goods include air conditioners, cars, televisions, and smartphones.

Luxuries
Luxuries are goods that are not necessary for survival and are considered as indulgences. Examples of luxuries include expensive jewelry, high-end cars, private jets, and yachts.

Conclusion
Comfort goods are an important category of goods that provide a certain level of comfort or pleasure to the consumer, but are not considered a necessity for survival. They are goods that people can live without, but choose to buy because they enhance their quality of life. Comfort goods lie between necessaries and luxuries, and their classification helps in better understanding consumer behavior and preferences.
Explore Courses for CA Foundation exam
Comforts lies between thea)inferior goods and necessariesb)luxuries and inferior goodsc)necessaries and luxuriesd)none of the aboveCorrect answer is option 'C'. Can you explain this answer?
Question Description
Comforts lies between thea)inferior goods and necessariesb)luxuries and inferior goodsc)necessaries and luxuriesd)none of the aboveCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Comforts lies between thea)inferior goods and necessariesb)luxuries and inferior goodsc)necessaries and luxuriesd)none of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Comforts lies between thea)inferior goods and necessariesb)luxuries and inferior goodsc)necessaries and luxuriesd)none of the aboveCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Comforts lies between thea)inferior goods and necessariesb)luxuries and inferior goodsc)necessaries and luxuriesd)none of the aboveCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Comforts lies between thea)inferior goods and necessariesb)luxuries and inferior goodsc)necessaries and luxuriesd)none of the aboveCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Comforts lies between thea)inferior goods and necessariesb)luxuries and inferior goodsc)necessaries and luxuriesd)none of the aboveCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Comforts lies between thea)inferior goods and necessariesb)luxuries and inferior goodsc)necessaries and luxuriesd)none of the aboveCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Comforts lies between thea)inferior goods and necessariesb)luxuries and inferior goodsc)necessaries and luxuriesd)none of the aboveCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Comforts lies between thea)inferior goods and necessariesb)luxuries and inferior goodsc)necessaries and luxuriesd)none of the aboveCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev