Only final products and services are accounted for since a firm has to stay away from numerous counts. The costs take care of the expense of... View Article
Retailers are the end of the marketing channel distributors, they are the ones who sell the finished product to its end customers. Retails... View Article
Examples of goods are wheat, furniture, machinery, blankets, toys, and automobiles. Examples of services are any professional services rendered... View Article
Milk acts as both an intermediate good as well as a final good, depending on the consumer who purchases it. A regular household purchases milk... View Article
Lumber is an intermediate good because it can be converted to other final goods like wooden furniture, wooden flooring, window panes, etc. Also... View Article
Goods and services that are available only at a point of existence are called scarce goods. For example, gold, labour, oil, tools, machinery,... View Article
Durable goods are those products that are used repeatedly over a period of time. The life of these products is high and the price paid to possess... View Article
Flour is a consumption good as when it is utilized once, further utilisation of the same flour is unavailable. Consumption goods are those goods... View Article
Staple food products like salt and wheat are considered intermediate goods. Photography is an intermediate service rendered by one to another.... View Article
A final good or consumer products are goods that are utilized by the customer to fulfill current needs or wants, whereas intermediate goods are... View Article
Final goods are bought by the end-user for their consumption. These goods can’t be sold further or transformed into other products. Final... View Article
AIR Spotlight is an insightful program featured daily on the All India Radio Newsonair. In this program, many eminent panellists discuss issues... View Article
Oct 8th, 2021, CNA:- Download PDF Here TABLE OF CONTENTS A. GS 1 Related B. GS 2 Related POLITY AND GOVERNANCE 1. SC questions income limit for... View Article
TABLE OF CONTENTS 1. Exercise Ajeya Warrior 2. High Ambition Coalition (HAC) for Nature and People 3. National Digital Livestock Mission (NDLM)... View Article
Every year, lakhs of aspirants apply for the Civil Services Examination, commonly known as UPSC or IAS Exam. The eligibility criteria of the exam... View Article
UPSC Current Affairs Preparation: The Hindu Analysis Watch expert analysis of ‘The Hindu’ dated 7th Oct 2021. Important news and views to boost... View Article
The Economic and Political Weekly (EPW) is an important source of study material for IAS, especially for the current affairs segment. In this... View Article
AIR Spotlight is an insightful program featured daily on the All India Radio Newsonair. In this program, many eminent panellists discuss issues... View Article
The Commission for Air Quality Management (CAQM) was established as a statutory body by the government in August 2021 as an overarching body to... View Article
Oct 7th, 2021, CNA:- Download PDF Here TABLE OF CONTENTS A. GS 1 Related B. GS 2 Related POLITY AND GOVERNANCE 1. Govt. asks top court to set... View Article
