Goods which are not used in the production of other goods are called ........

Goods which are not used in the production of other goods are called:

Capital goods

Consumption goods

Producer goods

Intermediate goods

- Option 1: Capital goods

- These are goods used to produce other goods and services.

- Examples include machinery, tools, and buildings.

- Option 2: Consumption goods

- These are goods used by consumers and not used in further production.

- They satisfy immediate needs and desires.

- Correct Answer: Consumption goods

- Option 3: Producer goods

- These are synonymous with capital goods.

- They are used in the manufacturing of other goods.

- Option 4: Intermediate goods

- These are goods used to create final goods and services.

- They require further processing or transformation.

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