Question

differences between intermediate goods and final goods​

Answer 1

Answer:

intermidiate goods are raw products and final goods are finished products

Explanation:

Answer 2

ECONOMICS

Differentiate between Intermediate and final goods

Intermediate good :

Intermediate goods refer to those goods which are used either for resale or for further production in the same year.

Intermediate Goods include:

(i) Goods purchased for resale (like milk purchased by a Dairy Shop).

(ii) Goods used for further production (like milk used for making sweets).

Final goods :

i) Goods purchased by consumer households as they are meant for final consumption (like milk purchased by households).

(ii) Goods purchased by firms for capital formation or investment (like machinery purchased by a firm).

3)It must be noted that final goods are neither resold nor used for any further transformation in the process of production