Question : ______ commodities are those that can be consumed more than once over a period of time.
Option 1: Non-durable consumer goods
Option 2: Producer’s goods
Option 3: Inferior goods
Option 4: Durable consumer goods
Correct Answer: Durable consumer goods
Solution : Consumer goods that last longer than three years and are used frequently over time are considered durable. Durable products include things like bicycles and refrigerators. Hence option d is the correct answer.
Question : ______ goods are goods that cannot be consumed more than once, such as milk.
Question : It refers to those industries which can produce machine tools and used for producing articles for current consumption.
Question : Plant and machinery are
Question : Bread, Milk, Readymade clothes, T.V., etc. are examples of _______ goods
Question : _________________ goods have a life span of 1 year.
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