explain the concept of final goods in 4 marks
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A final good or consumer good is a commodity that is used by the consumer to satisfy current wants or needs, rather than to produce another good. A microwave oven or a bicycle is a final good, whereas the parts purchased to manufacture it are intermediate goods.
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A finial good or consumer good is a commodity
that is used by consumer to satisfy current wants
or needs,rather than to produce anthor good
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