Question

a tractor purchased by a person for his personal use ​

Answer 1

Answer:

I didn't have the answer

Answer 2

A tractor purchased by a person for his personal use is a final good.

• Instead of making another good, a final good or market good is a product used by the customer to fulfill their current wants or needs.
• Final goods can both durable and non durable.
• A tractor, or a microwave or a scooter is a final product. Whereas, the parts purchased to produce them are referred to as intermediate goods.