Question : The products that directly satisfy human demands are referred to as:
Option 1: Producer goods
Option 2: Intermediate goods
Option 3: Capital goods
Option 4: Consumer goods

Question

Question : The products that directly satisfy human demands are referred to as:

Option 1: Producer goods

Option 2: Intermediate goods

Option 3: Capital goods

Option 4: Consumer goods

Team Careers360 · Accepted Answer

Correct Answer: Intermediate goods

Solution : Consumer goods satisfy human wants directly.
Consumer good is a finished product that is ready for sale and is used by the consumer to satisfy current wants or requirements.

Hence , the correct option is 4.

Exams

Colleges

Predictors

Resources

Quick links

B.Tech CompanionUse Now Your one-stop Counselling package for JEE Main, JEE Advanced and BITSAT

Exams

Colleges & Courses

Predictors

Resources

Exams

Colleges

Predictors & E-Books

Resources

Engineering Preparation

Medical Preparation

Online Courses

Products

Exams

Colleges

Resources

Exams

Colleges

Predictors & Articles

Resources

Exams

Colleges

Predictors

Resources

NEET CompanionUse NowYour one-stop Counselling package for NEET, AIIMS and JIPMER

Exams

Colleges

Upcoming Events

Resources

Exams

Colleges

Resources

Quick Links

Top Streams

Specializations

Resources

Top Providers

Exams

Colleges

Resources

Diploma Colleges

Exams

Colleges

Resources

Exams

Resources

Top Courses & Careers

Colleges

Exams

Upcoming Events

Resources

Other Exams

Exams

Colleges

Top Countries

Student Visas

Exams

Top Schools

Products & Resources

NCERT Study Material

Question : The products that directly satisfy human demands are referred to as:Option 1: Producer goodsOption 2: Intermediate goodsOption 3: Capital goods Option 4: Consumer goods

Related Questions

Question : Which of the following statement are true as per the mechnaism given in the picture. Cotton and thread are final

Question : The value added of a firm is calculated as___________.

Question : Which of the following are true? Purchase of machines by a producer is an intermediate good. Unexpected obsolescence is a component of depreciation.

Question : Statement 1: Gross Domestic Product (GDP) is a measure of the total output of final goods and services produced within a country's borders. Statement 2: GDP excludes the value of intermediate goods and services used in production.

Question : Which of the following are true? Domestic territory is also known as economy territory. Printer purchased by lawyer is an intermediate good.

Trending Articles/News

Sign In/Sign Up

Download the Careers360 App on your Android phone

B.Tech CompanionUse Now
Your one-stop Counselling package for JEE Main, JEE Advanced and BITSAT

NEET CompanionUse Now
Your one-stop Counselling package for NEET, AIIMS and JIPMER

Question : The products that directly satisfy human demands are referred to as:
Option 1: Producer goods
Option 2: Intermediate goods
Option 3: Capital goods
Option 4: Consumer goods

Question : Which of the following statement are true as per the mechnaism given in the picture.

Cotton and thread are final

Question : Which of the following are true?

Purchase of machines by a producer is an intermediate good.

Unexpected obsolescence is a component of depreciation.

Question : Statement 1: Gross Domestic Product (GDP) is a measure of the total output of final goods and services produced within a country's borders.

Statement 2: GDP excludes the value of intermediate goods and services used in production.

Question : Which of the following are true?

Domestic territory is also known as economy territory.

Printer purchased by lawyer is an intermediate good.