Goods used to produce and create wealth are___________

Assessment: WAEC SSCE - Marketing - 2018 (Objective) Subject: Marketing

Question 1 Report

Goods used to produce and create wealth are___________

Answer Details
The goods used to produce and create wealth are called "Industrial goods." Industrial goods are products that are used by businesses to produce other goods or provide services. These goods can be classified into two categories: capital goods and intermediate goods. Capital goods are long-lasting goods such as machinery and equipment, while intermediate goods are used in the production process but are not part of the final product, such as raw materials and components. These goods are not meant for personal consumption and are instead used to generate revenue and profits for businesses. Therefore, the answer is Industrial goods.

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