All tangible things that satisfy people's wants and desires are known as
goods
utility
demand
consumption
The goods whose supply is always limited when compared to its demand and have a price are known as
Economic goods
Free goods
Public goods
Capital goods
An example for public good is
Roads
Motor cycles
Shoes
Cars
Which one of the following goods are freely supplied by the nature and have no price?
Consumer goods
Private goods
Goods which are under the process of production and semifinished goods are known as.
Intermediary goods
Luxury goods
Which one of the following is a necessary good?
electric fan
T.V.
refrigerator
food
An example for private good is
motorcycles
clean air
water
sunlight
Match the following
a) Want (i) Raw cotton
b) Private goods (ii) Psychological experience
c) Intermediary goods (iii) clean air
d) Free goods (iv) Economic goods
(a - ii , b - iv , c - i , d - iii)
(a - i , b - ii , c - iii , d - iv)
(a - ii , b - iv , c - ii , d - i)
(a - iv , b - iii , c - i , d - ii)
Which one of the following is an example for economic goods?
Watches
Clean air
Water
Sunlight
The goods which satisfy human wants directly are called
