a tractor purchased for his personal use ,final good ,raw material, intermediate good
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your answer is raw materials
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A tractor purchased for personal use is a final good.
Raw materials are generally intermediate good.
Explanation:
1. A tractor purchased for personal use:
- A final good is an article produced for the candid use by end consumers.
- Final goods are also mentioned as consumer goods.
- Final good refers to any product that a company manufactures and a consumer afterward consumes.
2. Raw Material:
- Intermediate goods are articles that are used in the fabrication process to make other goods, which are finally sold to consumers.
- The intermediate goods are sold industry-to-industry or person-to-person to produce other products or for resale.
- Intermediate goods are in general, used directly by a producer, sold to another business to make another intermediary good, or sold to another firm to make a finished product.
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