Which of the following is an example of a consumer good?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Food grains.
-
Consumer goods are products meant for direct consumption by individuals to satisfy their needs or wants.
-
Food grains are directly consumed by people, making them consumer goods.
-
Equipment, machinery, and tools are capital goods, used to produce other goods or services rather than for direct consumption.