Goods Flashcards
What are the two types of economic goods?
Material goods and immaterial goods?
What are the two types of goods?
Free goods and Economic goods
2 examples of immaterial goods
Services and rights
What are the two types of material goods?
Production goods and Consumer goods
What are the two types of consumer goods?
Durable consumer goods and Non-durable consumer goods
What are the two types of production goods?
Non-consumable factors of production (capital goods)
&
Consumable factors of production (materials)
3 elements of Consumable factors of production (materials)
- Raw materials
- Auxiliary materials
- Supplies
3 elements of goods differentiation
- According to property rights
- According to availability
- According to physical characteristics
(Goods differentiation) according to property rights
Private goods and public goods
(Differentiation of goods) According to availability
Economic goods and free goods
(Differentiation of goods) According to the position in the transforming process
Input goods and output goods
(Differentiation of goods) According to the satisfaction of needs
Production goods and consumer goods
(Differentiation of goods) According to consistency
Non-durable and durable consumer goods
(Differentiation of goods) According to physical characteristics
Material goods and immaterial goods
