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 | Tea and Coffee | I | Complementary goods |
B | Car and Fuel | II | Inferior goods |
C | Low grade cereal food | III | Substitute goods |
D | Good quality wheat | IV | Normal good |
LIST I | LIST II | ||
A | Quotas | I | Monetary assistance given by government for production activities |
B | Import substitution | II | Government protects domestic industries from foreign competition |
C | Tariffs | III | Tax on imported goods |
D | Subsidy | IV | Specify the quantity of goods which can be imported |