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.
Useful Quotations for : UPSC, State PSC, IBPS, SSC, Railway, NDA, Police Exams
Like The Facebook Page CurrentGK for Current Affairs, Latest GK & Employment News
Tags : Microeconomics
Always Ask Questions