Question

Correct & rewrite the question. :-those goods and services are used for further production or processing are konwn as final goids & services.​

Answer 1

Answer:

Milk purchased by a tea stall is intermediate good as it is used as input in the production process

(b) Bus purchased by a school is a final good as it is investment expenditure and is a capital good.

(c) Juice purchased by a student from school canteen is final good as it ends up in final consumption and this is an perfect example of a final good