Question

2. How intermediate goods are different from final goods?​

Answer 1

Answer:

Final goods refer to those goods which are used either for consumption or for investment. Intermediate goods refer to those goods which are used either for resale or for further production in the same year.

Answer 2

Answer:

Final goods refer to those goods which are used either for consumption or for investment. Intermediate goods refer to those goods which are used either for resale or for further production in the same year.An intermediate good is a product utilized to produce a final good or finished product. These goods are sold between industries for resale or for the production of other goods. One example of an intermediate good is salt, a product that is directly consumed and is also used to manufacture food products.