____________ refer to those goods which satisfy the wants of the consumer directly.
- Consumption goods
- Capital goods
- Producer goods
- None of these
Explanation
Consumption goods refer to those goods which satisfy the wants of the consumer directly.
These are not used in the production of other goods.
For example, food, shirts, shoes, etc.
Related MCQs
MCQs will be added soon
Leave a Reply
Your email address will not be published. Required fields are marked *