We know that
Final goods are goods which are used for consumption or investment
Final goods is of 2 types
Used for Consumption - These are called Consumption Goods
Used for Investment - These are called Capital Goods
No questions in this part
Consumption goods have ___ demand, while capital goods have ____ demand.View Answer
State true or false with reasons.
Bread is always a consumer good.View Answer
Bread is not always a consumer good, it depends on the end use of bread.
When it is purchased by a household, it is a consumer good.
When it is purchased by a shop/ restraint, it is a capital good.