What are the examples of goods and services?
Examples of goods are wheat, furniture, machinery, blankets, toys, and automobiles. Examples of services are any professional services rendered from... View Article
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Is milk a final good or intermediate?
Milk acts as both an intermediate good as well as a final good, depending on the consumer who purchases it.... View Article
Is lumber an intermediate good?
Lumber is an intermediate good because it can be converted to other final goods like wooden furniture, wooden flooring, window... View Article
Which goods are known as scarce goods?
Goods and services that are available only at a point of existence are called scarce goods. For example, gold, labour,... View Article
Why are durable goods intermediate goods?
Durable goods are those products that are used repeatedly over a period of time. The life of these products is... View Article
Is flour always a consumption good?
Flour is a consumption good as when it is utilized once, further utilisation of the same flour is unavailable. Consumption... View Article
Which is the best example of an intermediate good or service?
Staple food products like salt and wheat are considered intermediate goods. Photography is an intermediate service rendered by one to... View Article
What are final goods in economics?
A final good or consumer products are goods that are utilized by the customer to fulfill current needs or wants,... View Article
Can final goods be resold?
Final goods are bought by the end-user for their consumption. These goods can’t be sold further or transformed into other... View Article
AIR Spotlight – 20 Years of Good Governance: Urbanization as an Opportunity
AIR Spotlight is an insightful program featured daily on the All India Radio Newsonair. In this program, many eminent panellists... View Article
08 Oct 2021: UPSC Exam Comprehensive News Analysis
Oct 8th, 2021, CNA:- Download PDF Here TABLE OF CONTENTS A. GS 1 Related B. GS 2 Related POLITY AND... View Article
07 Oct 2021: PIB Summary & Analysis
TABLE OF CONTENTS 1. Exercise Ajeya Warrior 2. High Ambition Coalition (HAC) for Nature and People 3. National Digital Livestock... View Article
How many attempts for the UPSC exam?
Every year, lakhs of aspirants apply for the Civil Services Examination, commonly known as UPSC or IAS Exam. The eligibility... View Article
07 Oct 2021: The Hindu Analysis
UPSC Current Affairs Preparation: The Hindu Analysis Watch expert analysis of ‘The Hindu’ dated 7th Oct 2021. Important news and... View Article
Gist of EPW October Week 1, 2021
The Economic and Political Weekly (EPW) is an important source of study material for IAS, especially for the current affairs... View Article
AIR Spotlight – Welfare Schemes of the Government
AIR Spotlight is an insightful program featured daily on the All India Radio Newsonair. In this program, many eminent panellists... View Article
Commission for Air Quality Management (CAQM)
The Commission for Air Quality Management (CAQM) was established as a statutory body by the government in August 2021 as... View Article
07 Oct 2021: UPSC Exam Comprehensive News Analysis
Oct 7th, 2021, CNA:- Download PDF Here TABLE OF CONTENTS A. GS 1 Related B. GS 2 Related POLITY AND... View Article
06 Oct 2021: PIB Summary & Analysis
TABLE OF CONTENTS 1. Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) 2. Mine Closure 3. Central Asian Flyway 1. Pradhan Mantri... View Article
What are the 3 types of budgets?
The three types of annual Government budgets based on estimates are Surplus Budget, Balanced Budget, and Deficit Budget. When the... View Article
