Question

Explain the basis of classifying goods into intermediate goods and final goods

Answer 1

The basis of classification is the end use of the product . goods which are used by the producers in the process of production such as raw material or goods purchased for resale.This goods are still within the production boundary.

Answer 2

Heya....

See here for your answer...

Intermidiate and Final goods are classified on the following bases..

√ Intermediate goods haven't crossed the boundary line of production ..
But final goods are crossed the line of production...

√ Intermediate goods are not yet ready to use by end users while final goods are totally ready to use...

√ Intermediate goods must be added more value in further process but final goods are over by value addition..

Thank you...