Which of the following industries is correctly categorized as a consumer goods industry?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Toothpaste.
Toothpaste is a consumer goods industry because it produces items used directly by consumers for daily personal needs. Consumer goods are final products meant for immediate consumption, not for further production.
- In contrast, iron and steel belong to the capital goods industry as they serve as raw materials for manufacturing machines, tools, and infrastructure.
- Fertilizer falls under intermediate goods or agro-based industries since it is used in farming to boost crop production rather than for direct consumption.
- Cement is also a capital goods industry component because it is mainly used in construction and infrastructure development, not as a final consumer product.