Question

differentiate between intermediate and final goods

Answer 1

An intermediate good is a product used to produce a final good or finished product. Thesegoods are sold betweenindustries for resale or the production of other goods. One example of an intermediate goodis salt, a product that is directly consumed but also used to manufacture food products.
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Answer 2

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 Final goods are those goods which are used either for final consumption or for investment  whereas Intermediate goods are those goods which are used up in producing final goods  and services.

 Final goods have crossed the boundary line of production whereas Intermediate goods  are within the boundary line.

 The value of final goods is included in the national income whereas the value of  Intermediate goods is not included in the national income.

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