What are the two classifications of goods and services? A. Local and imported B. Raw and finished C. Consumer and producer D. Ready-made and made-to-order

The correct answer is C. Consumer and producer goods.

Consumer goods are goods that are purchased by individuals for their own personal use. Producer goods are goods that are purchased by businesses to use in the production of other goods or services.

A. Local and imported goods are classified based on their

B. Raw and finished goods are classified based on their level of processing. Raw goods are goods that have not been processed, while finished goods are goods that have been processed and are ready for use.

D. Ready-made and made-to-order goods are classified based on how they are produced. Ready-made goods are goods that are produced in advance and are available for purchase, while made-to-order goods are goods that are produced after the order is placed.