Question : Preparation of butter, ghee by a household for their own use is a part of :
Option 1: own-account production
Option 2: household capital formation
Option 3: industrial production
Option 4: consumption
Correct Answer: consumption
Solution : Correct Answer is consumption
Commodities, also known as primary products or primary goods, are goods that are sold for use or consumption in the same condition in which they were found in the natural world. Examples of commodities include crude oil (petroleum), coal (coal), copper (copper or iron ore), rough diamonds, agricultural products (wheat, coffee beans, cotton, etc.) and are often listed on commodity exchanges.
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