Some time back, the Government of India, decided to de-license ‘white goods’ industry. ‘White goods’ include:
✓ Correct answer: c) items purchased for conspicuous consumption
ExplanationWhite goods are products for conspicuous consump- tion.They typically include large and costly household applianc- es such as refrigerators, washing machines, air conditioners, and other major home appliances.White goods typically refer to major household appliances that are traditionally white in color (although this is less of a defining characteristic now).These are durable consumer goods, often considered non-essential but as- sociated with a certain level of comfort and lifestyle.122
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