List - I | List - II | ||
(A) | Raw Material | (I) | Capital Goods |
(B) | Machines used in Production | (II) | Final Goods |
(C) | Bread used by a Consumer | (III) | Intermediate Goods |
(D) | Services used by Consumer | (IV) | Consumer Goods |
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 |