Explain the concept of final goods..
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A final goods or consumer goods is a commodity that is used by the consumer to satisfy current wants or needs, unlike intermediate goods which is utilized to produce another goods. ... When used in measures of national income and output, the term "final goods" includes only new goods.
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A final goods or consumer goods is a commodity that is used by the consumer to satisfy current wants or needs, unlike intermediate goods which is utilized to produce another goods. ... When used in measures of national income and output, the term "final goods" includes only new goods.
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