Which one of the following is an example for capital good?
machinery
sunlight
water
clean air
Which one of the following is an example for economic goods?
Watches
Clean air
Water
Sunlight
The goods which are used in the production of other commodities and which can satisfy human wants indirectly are known as
public goods
private goods
capital goods
Intermediary goods
Which one of the following is an example for free goods?
soaps
food
house
Which one of the following is a necessary good?
electric fan
T.V.
refrigerator
Which one of the following is a consumer good?
An example for private good is
motorcycles
Assertion- Classification of the goods may change depending upon the place, climate, level of income and haits of people.
Reason- Telephone was a luxury in olden days but later it was a comfort. At present Telephone became a necessary good.
Assertion is True, Reason is False.
Assertion is False, Reason is True.
Both Assertion and Reason are True.
Both Assertion and Reason are False.
An example for public good is
Roads
Motor cycles
Shoes
Cars
Deriving satisfaction by the use of goods and services means
Consumption
Production
Utility
Demand
