Question

give four features between final goods and intermediate ​

Answer 1

Answer:

FINAL GOODS :

1.Final goods refer to those goods which used either for consumption or for  investment.

2.They are ready for use in the sense that no value has to be added.

3.For example, milk purchased by household for consumption.

INTERMEDIATE GOODS:

1.Intermediate goods refer to those goods which are used either for resale or for further production in the same year.

2.They are not ready for use in the sense some value has to be added to the intermediate goods.

3.They are still within the production boundary.

4.For example, coal used in factory for further production.

Answer 2

Answer!!

Features of intermediate goods:-

→ These goods are used by producers.

→ These goods remain within the boundary line of production.

→ To avoid double-counting, the value of intermediate goods isn't included in the national income.

→ Value is yet to be added to these products and goods.

Features of final goods:-

→ These goods are used by consumers or producers.

→ These goods remain within the boundary line of production.

→ The value of these goods is included in the national income.

→ No further value is to be added to these goods.