differentiate between service goods and final goods
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Answer:
Explanation:
service goods- it means the goods which are used and can be consumed further
final goods- the goods which do not need any further proceeding it is last consumer
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Explanation:
They have 'Derived Demand' as their demand depends on demand for final goods. Durable goods (like trucks, aircrafts, vehicles, etc.) purchased by Government for military purposes are included under the category of intermediate goods as they are used to produce defense services and not for market sale.
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