Exam Result
Question : Plant and machinery are
Option 1: Producer's goods .
Option 2: Consumer's goods .
Option 3: Distributor's goods
Option 4: Free goods .
Correct Answer: Producer's goods .
Solution : Correct Answer is Producer's goods .
In economics, goods produced for use in subsequent production, processing, or resale are referred to as producer goods, also known as intermediate goods. Producer goods either merge with finished goods or lose their unique characteristics during the manufacturing process. Producer goods are those that gratify consumers' desires subtly. Examples of producer goods include tools, machinery, raw materials, seeds, manure, and tractors, among others. materials, energy, fuels, etc.
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