Question

6) Giving reasons, classify the following into intermediate goods and final goods:
i). Computers installed in an office​

Answer 1

Answer:

“Products that are made during a manufacturing process but that are also used in the production of other goods. Wood, steel, and sugar are all examples of intermediate goods.”

they must be processed and thne used. for example, rice, wheat, etc. final goods are the goods that have been manufactured from the factories and brought to the market to be sold. whereas the intermediate goods are the which are used in manufacturing of the finished goods.

Answer 2

Computers installed in an office is an example of a final good.

• Final goods are the goods which can be used for the purpose of consumption or investment.

Example- cars and mobiles bought by individuals.

• Intermediate goods are the goods which can be again used for production purpose or resale.

Example- mobiles bought by dealers.  

• Computers in an office are final goods because they are finished goods which are used for investment as they are of high value and used for several years for the work of the office.