Difference between Consumer Goods and Consumer Durables.

Transcript

Different Types of Final Goods They are of 2 Types: Consumer Goods Consumer Durables Consumer Goods They are also called Consumption Goods These are goods which are purchased by consumer for final consumption Example - Food, Cloth They can be services also. Example - Recreation Service like Movie Tickets Consumer Durables They are also consumed by a consumer but have a longer life. Example - TV ,Car These undergo wear and tear with normal use They may need to be repaired or replaced (If we purchase a car, we may have to spend money on its maintenance, insurance) DIFFERENT TYPES OF GOODS INTERMEDIATE GOODS FINAL GOODS Used for Production Goods purchased by Factory Used for Resale Goods purchased by Shop Used for Consumption Consumption goods They are of 2 types Consumer Goods (If consumed immediately) or Consumer Durables (if have longer use) Used for Investment Capital Goods NCERT Questions No questions in this part Other Books No questions in this part