Question

8. What are final goods?​

Answer 1

Explanation:

Final goods refer to those goods which used either for consumption or for investment. They are ready for use in the sense that no value has to be added. They have crossed the production boundary. For example, milk purchased by the household for consumption.

Answer 2

Answer:

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.