describe about the final goods and services
Answers
Answered by
46
☞Final goods and services are goods and services that have been purchased for final use or goods and services that will not be resold or used in production within the year.
Explanation:
➜Final goods are those goods which have crossed the boundary line of production and are ready for use by the final consumers. Say for example milk used by the consumer for self-consumption. Only final goods are included in the estimation of national income.
Similar questions