Question
For each of the following goods give two examples:
(a) Free goods
(b) Producer goods
(c) Consumer goods
(d) Durable goods
(a) Free goods
(b) Producer goods
(c) Consumer goods
(d) Durable goods
Answer
(a) Free goods- air, sunshine
(b) Producer goods- tools, machines, commercial vehicles
(c) Consumer goods- food, clothes, radio
(d) Durable goods- furniture, buildings.
(b) Producer goods- tools, machines, commercial vehicles
(c) Consumer goods- food, clothes, radio
(d) Durable goods- furniture, buildings.
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