A refrigerator operating in a chemist shop is an example of
(A) free good
(B) final good
(C) producers good
(D) consumer’s good
Correct Answer : final good
Question Asked : SSC CPO Sub-Inspector Exam 2008
Explanation : Final goods are goods that are ultimately consumed rather than used in the production of another good. For example, a car sold to a consumer is a final good; the components such as tires sold to the car manufacturer are not; they are intermediate goods used to make the final good.
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Tags : Microeconomics
