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Class 12 · Economics · Medium

How can both consumption goods and capital goods be final goods?

Class 12 · Economics · Medium

What is the most correct identification of an intermediate good?

Class 12 · Economics · Medium

How will you understand the difference between a tailor’s sewing machine and a family’s sewing machine?

Class 12 · Economics · Medium

A mobile phone bought for household use is what type of good?

Class 12 · Economics · Medium

A mobile phone bought by a mobile shop for selling will fall under which category?

Class 12 · Economics · Medium

Which good can change classification according to the buyer?

Class 12 · Economics · Medium

A machine bought by a factory to increase production is what type of final good?

Class 12 · Economics · Medium

What problem can arise if the value of intermediate goods is separately added in national income?

Class 12 · Economics · Medium

On what basis is the difference between a final good and an intermediate good best understood?

Class 12 · Economics · Medium

In which situation will a computer be considered a capital good?

Class 12 · Economics · Medium

Why can the same sugar fall into different categories for a family and for a sweet shop?

Class 12 · Economics · Medium

Why is classification of these four goods important in the national income chapter?

Class 12 · Economics · Medium

Which statement correctly explains a capital good?

Class 12 · Economics · Medium

Which statement correctly identifies a final good?

Class 12 · Economics · Easy

If a student buys the same projector for studying at home, what can it be?

Class 12 · Economics · Easy

If a school buys a projector for teaching, what type of good is it?

Class 12 · Economics · Easy

What is the clearest clue to identify an intermediate good?

Class 12 · Economics · Easy

Taking the value of final goods in national-income calculation prevents which problem?

Class 12 · Economics · Easy

Wood bought by a furniture factory to make a table is what?

Class 12 · Economics · Easy

Finished furniture bought for household use is what type of good?