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A laptop purchased by consumer is an example of
An intermediate good
A consumer good
Intermediate consumption
None of the above
- Option 1: An intermediate good
Intermediate goods are products used in the production of final goods. A laptop purchased by a consumer is not used to produce other goods, so it doesn't fit this category.
- Option 2: A consumer good
A consumer good is a finished product that is purchased by an individual for personal use. A laptop bought for personal use falls into this category.
- Option 3: Intermediate consumption
This term refers to goods and services used up in the production process. Since a laptop is not consumed in production by the consumer, this option is not applicable.
- Option 4: None of the above
This would apply if none of the options were accurate, but this is not the case here.
By: santosh ProfileResourcesReport error
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