Question

1. What are final goods?​

Answer 1

A final good or consumer good is a commodity that is used by the consumer to satisfy current wants or needs, rather than to produce another good. A microwave oven or a bicycle is a final good, whereas the parts purchased to manufacture it are intermediate goods.

Answer 2

Answer:

Final goods are those goods which have crossed the boundary line of production and are ready for use by the final consumers. Consumers and producers are the two types of final goods.