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

Economics- Phase (I & II) Demand and Supply , Market Structures

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

- They are used in the production of other goods.

- Examples include machinery, tools, and buildings.

- Option 2: Consumption goods

- They are goods used by consumers to satisfy personal needs.

- Example includes food, clothing, and household items.

- Correct Answer: These goods are not used in production.

- Option 3: Producer goods

- Another term for capital goods.

- Help in producing other goods and services.

- Option 4: Intermediate goods

- Used as inputs in the production of other goods.

- Could become final goods if used by consumers directly.

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