Question

Define intermediate goods and final goods. Can milk be an intermediate good? Give reasons for your

answer.



please help​

Answer 1

Answer:

Goods purchased by a production unit from other production units for resale or for using them completely during the same year are an intermediate goods, goods purchased for consumption/investment are final goods. Milk purchased by a restaurant is an intermediate good, because it is purchased for reselling.

Here is your answer my darling ❤️❤️❤️

Answer 2

Answer:

Goods purchased by a production unit from other production units for resale or for using them completely during the same year are an intermediate goods, goods purchased for consumption/investment are final goods. Milk purchased by a restaurant is an intermediate good, because it is purchased for reselling.