Question

different between final good and intermediate good

Answer 1

Final Goods => those goods which are used either for consumption and investment.

Intermediate Goods => those goods which are used either for resale or for further production in the same year.

Answer 2

• The Final goods are those which are either used for consumption or for investment and the intermediate goods is used for the production of the final goods and services.
• Final goods have crossed boundary line of production whereas intermediate goods remain within the boundary line.
• The value of final good is included in national income whereas the value of intermediate good is not included in national income.

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