Goods that satisfy human wants though their direct use or consumption are called______________?
Correct answer: C. consumer goods
- A. cash goods
- B. consumer items
- C. consumer goods
- D. cash items
Explanation
Consumer goods directly satisfy human wants through use or consumption, such as food, clothing, and household appliances. Machinery and equipment are capital goods because they help produce other goods.
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About Microeconomics
Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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