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Class 12 · Economics
→A car bought by a household is for personal use. In the economy which category is it?
Class 12 · Economics
→Why is durability alone not sufficient to call a good a capital good?
Class 12 · Economics
→A household bought milk for drinking. The same milk will be counted as what?
Class 12 · Economics
→A dairy shop buys milk to make curd and sell it. How should this milk be classified for the dairy shop?
Class 12 · Economics
→A student bought a book for exam preparation. What type of good is it?
Class 12 · Economics
→A publisher bought paper to print books. For the publisher what is paper?
Class 12 · Economics
→A student bought a laptop for personal study. From national income viewpoint what is it?
Class 12 · Economics
→An office bought computers for employees' work. These computers fall under which category?
Class 12 · Economics
→Which statement is most correct about capital goods?
Class 12 · Economics
→A farmer bought seeds to sow in the same season. For the farmer seeds are what?
Class 12 · Economics
→A farmer bought a tractor that will be used in farming for many years. What type of good is it?
Class 12 · Economics
→In which situation will finished mobile phones be final goods?
Class 12 · Economics
→A trader bought finished mobile phones for resale. For the trader these phones are what?
Class 12 · Economics
→Why is a new machine purchased by a factory treated as a final good?
Class 12 · Economics
→Why is the value of intermediate goods not directly added in national income?
Class 12 · Economics
→If the same flour is bought by a household to make bread at home, how will it be classified?
Class 12 · Economics
→A bakery buys flour to make cakes that it will sell. For the bakery, what type of good is the flour?
Class 12 · Economics
→What is the main basis for treating the same good sometimes as final and sometimes as intermediate?
Class 12 · Economics
→In which situation can a finished good also become an intermediate good for the buyer?
Class 12 · Economics
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