SSC CGL Exam > SSC CGL Videos > Economics for SSC CGL Exam (Hindi) > Eco for SSC | DIFFERENT TYPES OF GOODS | ECO FOR SSC CGL; SSC CPO; SSC MTS; SSC CHSL
Eco for SSC | DIFFERENT TYPES OF GOODS | ECO FOR SSC CGL; SSC CPO; SSC MTS; SSC CHSL Video Lecture | Economics for SSC CGL Exam (Hindi)
FAQs on Eco for SSC - DIFFERENT TYPES OF GOODS - ECO FOR SSC CGL; SSC CPO; SSC MTS; SSC CHSL Video Lecture - Economics for SSC CGL Exam (Hindi)
| 1. What are the different types of goods? |  |
Ans. There are four main types of goods:
1. Consumer goods: These are products that are purchased by individuals for their own use or consumption, such as food, clothing, and electronics.
2. Capital goods: Also known as producer goods, these are goods that are used to produce other goods or services, such as machinery, equipment, and buildings.
3. Intermediate goods: These are goods that are used in the production process but do not become part of the final product, such as raw materials and components.
4. Public goods: These are goods that are non-excludable and non-rivalrous in nature, meaning that they are available to everyone and one person's use does not diminish its availability for others, such as public parks and street lighting.
| 2. What is the difference between consumer goods and capital goods? | |
Ans. Consumer goods are products that are purchased by individuals for their own use or consumption, whereas capital goods are goods that are used to produce other goods or services. Consumer goods are typically used up or consumed in the process of their use, while capital goods are durable and used repeatedly in the production process. For example, a car is a consumer good as it is used by an individual for transportation, whereas a machinery used in a factory to produce cars is a capital good.
| 3. Can you provide examples of intermediate goods? | |
Ans. Examples of intermediate goods include raw materials such as steel, wood, and fabric, as well as components such as engines, circuit boards, and screws. These goods are used in the production process but do not become part of the final product. For example, in the production of a car, the steel used for the body and the engines used are considered intermediate goods.
| 4. What are the characteristics of public goods? | |
Ans. Public goods have two main characteristics: non-excludability and non-rivalry. Non-excludability means that once a public good is provided, it is available to everyone and cannot be easily excluded from anyone's use. Non-rivalry means that one person's use of a public good does not diminish its availability for others. For example, a public park is available to everyone and one person's enjoyment of the park does not reduce its availability for others.
| 5. Are public goods provided by the government only? | |
Ans. While public goods are often provided by the government, they can also be provided by other entities such as non-profit organizations or even individuals. For example, a community garden maintained by a group of volunteers can be considered a public good. However, due to the characteristics of public goods, they are often provided by the government to ensure equitable access and prevent free-riding, where individuals benefit from the good without contributing to its provision.
Related Exams
About this Video
|
4.72/5 Rating |
|
Jan 03, 2025 Last updated |
Video Description: Eco for SSC | DIFFERENT TYPES OF GOODS | ECO FOR SSC CGL; SSC CPO; SSC MTS; SSC CHSL for SSC CGL 2025 is part of Economics for SSC CGL Exam (Hindi) preparation.
The notes and questions for Eco for SSC | DIFFERENT TYPES OF GOODS | ECO FOR SSC CGL; SSC CPO; SSC MTS; SSC CHSL have been prepared according to the SSC CGL exam syllabus.
Information about Eco for SSC | DIFFERENT TYPES OF GOODS | ECO FOR SSC CGL; SSC CPO; SSC MTS; SSC CHSL covers all important topics for SSC CGL 2025 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Eco for SSC | DIFFERENT TYPES OF GOODS | ECO FOR SSC CGL; SSC CPO; SSC MTS; SSC CHSL.
Introduction of Eco for SSC | DIFFERENT TYPES OF GOODS | ECO FOR SSC CGL; SSC CPO; SSC MTS; SSC CHSL in English is available as part of our Economics for SSC CGL Exam (Hindi) for SSC CGL & Eco for SSC | DIFFERENT TYPES OF GOODS | ECO FOR SSC CGL; SSC CPO; SSC MTS; SSC CHSL in
Hindi for Economics for SSC CGL Exam (Hindi) course. Download more important topics related with notes, lectures and mock test series for
SSC CGL Exam by signing up for free.
Description
Video Lecture & Questions for Eco for SSC | DIFFERENT TYPES OF GOODS | ECO FOR SSC CGL; SSC CPO; SSC MTS; SSC CHSL Video Lecture | Economics for SSC CGL Exam (Hindi) - SSC CGL full syllabus preparation | Free video for SSC CGL exam to prepare for Economics for SSC CGL Exam (Hindi).
Information about Eco for SSC | DIFFERENT TYPES OF GOODS | ECO FOR SSC CGL; SSC CPO; SSC MTS; SSC CHSL
Here you can find the meaning of Eco for SSC | DIFFERENT TYPES OF GOODS | ECO FOR SSC CGL; SSC CPO; SSC MTS; SSC CHSL defined & explained in the simplest way possible.
Besides explaining types of Eco for SSC | DIFFERENT TYPES OF GOODS | ECO FOR SSC CGL; SSC CPO; SSC MTS; SSC CHSL theory, EduRev gives you an ample number of questions to practice Eco for SSC | DIFFERENT TYPES OF GOODS | ECO FOR SSC CGL; SSC CPO; SSC MTS; SSC CHSL tests,
examples and also practice SSC CGL tests.
|
Explore Courses for SSC CGL exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Important questions
,Eco for SSC | DIFFERENT TYPES OF GOODS | ECO FOR SSC CGL; SSC CPO; SSC MTS; SSC CHSL Video Lecture | Economics for SSC CGL Exam (Hindi)
,study material
,Objective type Questions
,Summary
,Previous Year Questions with Solutions
,Sample Paper
,Extra Questions
,MCQs
,Eco for SSC | DIFFERENT TYPES OF GOODS | ECO FOR SSC CGL; SSC CPO; SSC MTS; SSC CHSL Video Lecture | Economics for SSC CGL Exam (Hindi)
,practice quizzes
,past year papers
,Eco for SSC | DIFFERENT TYPES OF GOODS | ECO FOR SSC CGL; SSC CPO; SSC MTS; SSC CHSL Video Lecture | Economics for SSC CGL Exam (Hindi)
,Free
,mock tests for examination
,video lectures
,Semester Notes
,ppt
,shortcuts and tricks
,Exam
,Viva Questions
;
Study Eco for SSC | DIFFERENT TYPES OF GOODS | ECO FOR SSC CGL; SSC CPO; SSC MTS; SSC CHSL on the App
Students of SSC CGL can study Eco for SSC | DIFFERENT TYPES OF GOODS | ECO FOR SSC CGL; SSC CPO; SSC MTS; SSC CHSL alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Eco for SSC | DIFFERENT TYPES OF GOODS | ECO FOR SSC CGL; SSC CPO; SSC MTS; SSC CHSL,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Eco for SSC | DIFFERENT TYPES OF GOODS | ECO FOR SSC CGL; SSC CPO; SSC MTS; SSC CHSL is prepared as per the latest SSC CGL syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup