state whether goods lying with the traders are intermediate goods or final goods
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≈≈> Machines purchased by a dealer of machines is an intermediate good because machines are resold by the firms to make profits or value is yet to be added to these goods by way of further processing.
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Answer:
Good lying with traders are intermediate goods.
As 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 goods.
Explanation:
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