Answer:
Consumer goods- Toothpaste, Bath soap
Luxury good- perfumes, wrist watch
Industrial goods- Coffee maker
Economic goods- Aircon
Essential goods- Canned goods, bread, meat, vegetables, sack of rice
Explanation:
Consumer goods are products bought for consumption by the average consumer.
Luxury goods are products that are not essential but are highly desired and associated with wealthy or affluent people.
Industrial goods is products or services purchased for use in the production of other goods or services, in the operation of a business, or for resale to other consumers.
An economic good is a good or service that has a benefit (utility) to society. Also, economic goods have a degree of scarcity and therefore an opportunity cost.
Essential consumer goods or services" means goods or services that are or may be bought or acquired primarily for personal, family or household purposes, including but not limited to residential construction materials or labor, shelter for payment such as a hotel room, food, water or petroleum products such as gasoline or diesel fuel and are necessary for the health, safety or welfare of consumers.
-It simply means survival kit or goods
Explanation:
