Demand and Supply , Market Structures

Economics- Phase (I & II)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

If a car is purchased by a taxi-operator, it will be regarded as a:

capital good

intermediate good

final good

both (a) and (c)

- Option 1: Capital good

- A car bought by a taxi-operator is a *capital good* because it is used to provide services (earning income).

- Option 2: Intermediate good

- This is not correct because the car is not used up in making another product within the year; it is used as a tool.

- Option 3: Final good

- The car is a *final good* as it is purchased for direct use, not for resale or further production.

- Option 4: both (a) and (c)

- Correct, as the car serves as both a capital good and a final good in this context.