ECONOMICS (CBSE/UGC NET)

ECONOMICS

CONSUMERS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Things that can be bought or sold are ____
A
producer
B
consumer
C
goods
D
services
Explanation: 

Detailed explanation-1: -Consumer goods, or final goods, are goods sold to consumers for their use or enjoyment. Consumer goods can be classified as durable, nondurable, or service goods. Consumer goods are categorized based on consumer behavior and marketed by type of good, such as a convenience product or specialty item.

Detailed explanation-2: -trade. noun. relating to the activities of buying and selling goods or services.

Detailed explanation-3: -A market is a place where people sell and buy things. Money is used for transaction of goods.

There is 1 question to complete.