Question

Difference between final goods and intermediate goods in tabular form

Answer 1

Intermediate goods refer to those goods which are used either for resale or for further production in the same year. They have a derived demand as their demand depends on the demand for final goods. Value addition: They are ready for use by their final users i.e. no value has to be added to the final goods.

Answer 2

Answer:

Intermediate goods refer to those goods which are used either for resale or for further production in the same year. They have a derived demand as their demand depends on the demand for final goods. Value addition: They are ready for use by their final users i.e. no value has to be added to the final goods.