Author: Hassan Ahmed

In economics, consumer goods are defined as tangible products purchased by individuals for personal consumption. These items are usually used daily and include everything from food and clothing to electronics and furniture. Many people also consider services such as haircuts and car repairs to be consumer goods since they are regularly purchased. There are three main types of consumer goods: …

In business, there are many types of direct and indirect competition. Companies that compete directly in the same market provide similar products or services, and businesses that compete directly in the same market provide different products or services. Every market benefits from business competition, driving down prices and enhancing quality. On the other hand, overly fierce competition can negatively affect …