What characteristics do economists use to categorize goods into groups?

People often produce goods. The characteristics that economists use to categorize goods into groups is the factors of production such as land, labor, capital, and entrepreneurship.

They are regarded as he building blocks of the economy. Economists states that there are four the factors of production into four such as; land, labor, capital, and entrepreneurship.

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Consumer goods, Capital goods a.k.a Producer goods, and Final goods.

Explanation: