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Submitted 401 days ago...

averbs

averbs

New User (6)

ECONOMICS

To the economist a stock of goods existing at a particular time and conforming to certain requirementd such as having utility money value and being limited in supply is knien as a, consumer goods b, products c, commercial goods d, wealth

 
 
 
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Answer 1 / 3

Submitted 401 days ago...

Ruchele

Ruchele

Brain (3,655)

C. Commercial goods

 

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Answer 2 / 3

Submitted 401 days ago...

primetime001

primetime001

Expert (967)

It would be wealth: Economists define wealth as the production and distribution of goods.

As opposed to the Accountant who defines inventory as a liability, opposite of wealth.

Consumer goods satisfy people’s needs. Commercial goods produce other goods or services. Products (I'm guessing here) are either one or both Consumer & Commercial goods (?). All of these are considered to make up wealth, measured through the GDP.

 

Answer 3 / 3

Submitted 401 days ago...

Ruchele

Ruchele

Brain (3,655)

Ahhhhh, ok

 

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primetime001

primetime001

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