ECONOMICS (CBSE/UGC NET)

ECONOMICS

CONSUMERS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Is the following an example of a good or a service? Corn
A
Good
B
Service
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Corn is considered both a vegetable and a cereal grain. Sweet corn that you eat off the cob is usually considered a vegetable in the culinary world, whereas the dry seeds that are used for popcorn are classified as whole grains.

Detailed explanation-2: -Corn is high in dietary fiber, which is necessary for maintaining a healthy lifestyle. Fiber is the bulk in plant-based foods that your body doesn’t digest. Although it’s indigestible, the fiber in corn offers many other advantages, like regulating bowel movements, managing blood sugar levels, and more.

Detailed explanation-3: -A seven-year-old boy’s love for corn has made him an Internet celebrity worldwide. Tariq’s rise to fame was accidental. The New York resident was at Smorgasburg, a weekly food festival in Brooklyn, this summer when Julian Shapiro-Barnum approached him.

Detailed explanation-4: -For example, the utility industry is a natural monopoly. The utility monopolies provide water, sewer services, electricity transmission, and energy distribution such as retail natural gas transmission to cities and towns across the country.

There is 1 question to complete.