Question

2. Explaining Which categories of goods used by ordinary

Answer 1

Non-durable goods are those good used by ordinary people are most affected by scarcity.

Explanation:

Non durable goods are those goods that is limited in nature that is it will last for lesser than three years and non durable goods are needed for survival of human beings. The necessities needed for survival is food and clothing. Two types of non durable goods are customer goods and the capital goods.

In terms of economics scarcity refers to lack of different types of capital. Due to unlimited wants and needs of people scarcity of capital goods can occur. If the consumer always have fascination for new things the resources become limited.