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Machines, tools and implements, and buildings are examples of which type of goods?
Consumer goods
Inferior goods
Intermediate goods
Capital goods
- Option 1: Consumer goods
- These are goods used by consumers for personal use.
- Examples include food, clothing, and electronics.
- Option 2: Inferior goods
- These are goods whose demand decreases as income rises.
- An example could be cheap instant noodles that people consume less as they earn more.
- Option 3: Intermediate goods
- These are goods used in the production of final goods.
- For example, raw materials like steel used in manufacturing cars.
- Option 4: Capital goods
- These are goods used in the production of other goods or services.
- Examples include machines, tools, and buildings.
-
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