no product is always final or always intermediate .explain?
Answers
Answer:
All goods which are meant either (i) for consumption by consumers or (ii) for investment by firms are called final goods. ... It needs to be noted that no good is always final or intermediate because it is the use made of the good which makes it final or intermediate.
Answer: Intermediate goods Final goods
Intermediate goods refer to those goods which are used either for resale or for further production in the same year.
Final goods refer to those goods which used either for consumption or for investment.
They are not ready for use in the sense some value has to be added to the intermediate goods. They are ready for use in the sense that no value has to be added.
They are still within the production boundary. They are ready for use in the sense that no value has to be added.
For example, coal used in factory for further production. For example, milk purchased by household for consumption.
Explanation: