List I | List II | ||
A. | Goods used in production process and are durable in character | I. | Intermediate goods |
B. | Inputs for production | II. | Flows |
C. | Machines in a factory | III. | Capital goods |
D. | Annual profits | IV. | Stocks |
List - I | List - II |
---|---|
(A) Normal goods | (I) These goods are consumed together |
(B) Inferior goods | (II) Demand for the good decreases as income of the consumer increases |
(C) Substitute goods | (III) These goods are used in place of each other |
(D) Complementary goods | (IV) Demand for the good increases as income of consumer increases |