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Explain perishable goods? - Economics

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Question

Explain perishable goods?

Explain
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Solution

Perishable items are ones that perish quickly. In layman’s terms, ‘perishable commodities’ are goods that cannot be stored for long and must be sold or consumed quickly. 

Examples: Milk, fruits, vegetables, meat, and flowers.

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Chapter 13: Price Output Under Perfect Competition - TEST QUESTIONS [Page 13.18]

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R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC
Chapter 13 Price Output Under Perfect Competition
TEST QUESTIONS | Q A. 10. | Page 13.18
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