Food processor used by households in their kitchen is an example of :

Capital goods

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Intermediate goods

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Consumption goods

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None of these

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Solution

The correct option is C
Consumption goods

Food processor used by households in their kitchen is an example of a consumption good as it is used by the consumer.

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Similar questions

Classify the folllowing goods into intermediate goods and final goods:

(i) Milk purchased by a household

(ii) Purchase of rice by a grocery shop

(iiii) Purchase of an air conditioner for use in a shop

(iv) Cloth used for making a sofa-set by the carpenter

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