Fundamental Concepts and Terminologies — Economics STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsFundamental Concepts and Terminologies2 Marks
Question
Which goods is known as producers’ goods in economics?
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Answer
The goods which take part in production process and indirectly satisfy the human wants is called Producers’ goods. E.g. Machine, Raw-material, etc. are producers’ goods.
There are two types of producers’ goods.
Single time used goods or durable goods. E.g. Machine, Building of Factory.
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