Question

11. By giving reasons, classify the following into Intermediate goods or Final goods.
(i) Furniture purchased by a school.
(ii) Chalks, duster, etc. purchased by school.​

Answer 1

Answer:

ii) Chalk dusters purchased are intermediate good because they are consumed within a year of purchase kindly look in the book of sandeep garg for analysing more about this

i)Furniture purchase by school is final good as it has been purchased for final consumption & the school is not going for resale.