Check sibling questions

 

Distinguish between Final Goods and Intermediate.

(2 Marks)

Answer

Final goods- It refer to those goods which are used either for final consumption or for investment purposes. Example- Sugar purchased by household

Intermediate goods- It refer to those goods which are used either for resale or for further production purposes. Example- Sugar purchased by sweetshop

 


Transcript

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Davneet Singh's photo - Teacher, Engineer, Marketer

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Davneet Singh

Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.