Question

Indicate all items in the following list that are not consumption goods and services and explain why.Item a​: A chocolate barItem b​: A ski liftItem c​: A golf ballItem d​: A shopping mallItem e​: A trainItem f​: A golf course

Answer 1

Answer: Option B, D , E

Explanation: In simple words, goods which are not used in the production of other goods rather consumed by the individual to satisfy current wants is called consumer goods.

So, form the above explanation we can conclude that a chocolate bar and a golf ball are consumer goods among all options.

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B. A ski lift will be used continuously by the owner for its business operation. Hence, not a consumer good.

D. A shopping mall cannot be considered a good. It is a fixed asset to the entity owning it. Hence, not a consumer good.

E. A train will continuously used by the organisation owning it for its business purpose. Hence , not a consumer good.