Question

An example for intermediate goods. ( )

A) Wood B) Paper C) Note Book D) Diary
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Answer 1

A) Wood is an example of intermediate goods ✔

Explanation:-

• Intermediate goods: the raw materials like electricity, water, soil, wood or fuel etc. used by the manufacturer in the production of final goods and services are called intermediate goods.

• Examples:-

• wheat flour is an intermediate item used in the production of double bread in a bakery.
• Coals used in factories for further.

• Intermediate goods comprise:-

• Goods purchased for resale, such as fruits purchased from a shop.
• Goods used for further production, such as tomatoes used to produce ketchup.

• They have a derived demand as their demand usually depends upon the final good's demand.

• Sugar is an intermediate good when it is used in grocery store for resale. However, it is good when it is used by sweets shop as a raw material.

• So, its kind of conclusion that the distinction is made on the basis of its end use.
• If the good is used for resale or further production (in the same year), then it is an intermediate good.

Answer 2

Answer:

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