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What Are The Main Types Of The Related Goods?
Explain with suitable examples
asked 5 months ago
Explain with suitable examples
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There are two types of related goods:
1. Substitute Goods: Which can be used in alternate to the other good and example include sugar product of two sugar mills.
2. Complementary goods: Goods which can effect each other demand like when the number of car increases, the demand for fuel will also increase.
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answered 5 months ago
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