How are economic goods classified according to nature? a) Material and immaterial goods. b) Consumer and capital goods. c) Intermediate and final...

As goods are classified according to their nature, they can be categorized into: a) Material and immaterial goods. b) Consumer and capital goods. c) Intermediate and final goods. Material goods refer to tangible products that can be touched or physically measured, such as cars, clothes, and food. Immaterial goods, on the other hand, are intangible products like services, software, and intellectual property. Consumer goods are those intended for direct consumption by individuals or households, such as food, clothing, and electronics. Capital goods, on the other hand, are used to produce other goods and services, like machinery, equipment, and buildings. Intermediate goods are used in the production process but are not the final product. They are typically used as inputs in the production of other goods. Final goods, on the other hand, are the end products that are directly consumed or used by individuals or households. I hope this clarifies the classification of economic goods according to their nature!