ECONOMICS (CBSE/UGC NET)

ECONOMICS

CONSUMERS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Produced, physical products.
A
Goods
B
Services
C
Luxuries
D
Necessity
Explanation: 

Detailed explanation-1: -Physical products include durable goods (like cars, furniture, and computers) and nondurable goods (like food and beverages).

Detailed explanation-2: -Last updated September 2, 2022. Physical products are merchandise, apparel, and other physical goods you sell to customers. If you sell physical products, you’ll need to add at least one shipping or local pickup option to your store.

Detailed explanation-3: -Goods are physical, produced objects for which a demand exists, over which ownership rights can be established and whose ownership can be transferred from one institutional unit to another by engaging in transactions on markets.

Detailed explanation-4: -Magazines. Toothpaste. Food. Candy. Laundry detergent. Shampoo. 02-Jun-2022

There is 1 question to complete.