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WAEC Commerce 1999 Question 2

Question 2

Production

The goods that are used for the production of other goods are known as

  1. A.commercial goods
  2. B.consumer goods
  3. C.capital goods
  4. D.non-durable goods
Show the answer and explanation

Answer: C (capital goods)

Explanation

Capital (producer) goods such as machines are used to make other goods.