ECONOMICS (CBSE/UGC NET)

ECONOMICS

GDP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Milk, Bread, Eggs, Bacon. These goods are:
A
Durable goods
B
Non-durable goods
C
Agricultural goods
D
None of these options
Explanation: 

Detailed explanation-1: -Milk and Bread are examples of Non-durable good. Non-durable gods are those goods which are used-up in a single act of consumption. Bread and milk are used-up in a single act of consumption.

Detailed explanation-2: -Overview of Nondurable Goods Products made of paper and paperboard comprise the largest portion of nondurable goods. Other nondurable products include paper and plastic plates, cups and other disposable food service products, disposable diapers, clothing and footwear, linens, and other miscellaneous products.

Detailed explanation-3: -Home appliances, types of machinery, cars all fall under the category of durable goods. Generally, consumer goods which last for 3 or more years are considered to be durable goods. Foods, cosmetics, toiletries, cigarettes, beverages are all non-durable goods as those that perish with use.

Detailed explanation-4: -Food. Laundry detergent. Dish soap. Light bulbs. Paper products like paper plates. Clothing. 12-Oct-2022

There is 1 question to complete.