Indian Economy - Class 5 General Knowledge - Extra Questions

In economics, any commodity which is produced and subsequently consumed by the consumer, to satisfy his current wants or needs, is a consumer good or final good. Consumer goods are goods that are ultimately consumed rather than used in the production of another good.

The International Resource Panel is a scientific panel of experts that aims to help nations use natural resources sustainably without compromising economic growth and human needs.

Due to the adverse conditions of poverty and unemployment in the rural areas, people migrate to urban areas. In urban areas they find increased employment opportunities and better living conditions.