Explain any one major difference between final and intermediate goods
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An intermediate good is a product used to produce a final good or finished product. These goods are sold between industries for resale or the production of other goods. One example of an intermediate good is salt, a product that is directly consumed but also used to manufacture food products.
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Ur Answer is ;-
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An intermediate good is a product used to produce a final good or finished product. These goods are sold between industries for resale or the production of other goods. One example of an intermediate good is salt, a product that is directly consumed but also used to manufacture food products.
#riShu:-)
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Intermediate Goods
- These goods remain within the boundary line of production and not ready for use by their final users.
Final Goods
- These goods are outside the boundary line of production and ready for use by their final users.
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