Question

On which of the following basis ,one could classify goods as final or intermediary​

Answer 1

Explanation:

The underlying basis for classifying goods into final goods and intermediate goods is based on the fact whether the good has been purchased for 'ultimate consumption' or 'further processing'.

If a goods has been purchased for ultimate consumption, say milk then it is regarded as a final good.

Answer 2

Answer:

The underlying basis for classifying goods into final goods and intermediate goods is based on the fact whether the good has been purchased for 'ultimate consumption' or 'further processing'. If a goods has been purchased for ultimate consumption, say milk then it is regarded as a final good.