Question

Identify and explain the following concept:

Sunita madam satisfied her want to write on the blackboard by using chalk.

Answer 1

Concept: Direct Consumption

Explanation:

The given scenario represents the concept of direct consumption in economics. Direct consumption occurs when a good or service is used to satisfy a want immediately.

In this case:

• Sunita madam used chalk to write on the blackboard, which directly fulfilled her need.
• The chalk was consumed immediately for its intended purpose (writing).
• There was no further transformation of the good before use.

Thus, this is an example of direct consumption, where a product (chalk) is used directly to satisfy a need (writing on the blackboard).