if the total production of sectors counts only the final goods then how is the production of primary sector calculated ,?? that way it should be zero
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When primary goods are converted into secondary and tertiary sector then total production is counted in the form final good but when the good has not changed into secondary and tertiary then only the income of that particular sector is calculated
Keshav5318:
For example -wheat , when farmer sell wheat, in that case the income obtained is the cost of wheat only but when the wheat is changed into flour and then biscuits then the total income of biscuits are the final goods price
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quite simple and nice explanation for me
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