Economy, asked by st534903, 7 months ago

a tractor purchased for his personal use ,final good ,raw material, intermediate good​

Answers

Answered by rajni1020in
4

your answer is raw materials

Answered by priyaag2102
0

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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