JKSSB Mock Tests

A television set purchased by a household for personal use is an example of which type of good?

A. consumer goods
B. capital goods
C. intermediate goods
D. inferior goods
Answer: Option A
Solution (By JKSSB Mock Tests Team)
Goods purchased by end-users for personal consumption, rather than for the production of other goods, are classified as consumer goods.
This Question Belongs to: General knowledge mcqs Economics set 1

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