tractor bought by a farmer is final or intermediate good
Answers
Answer:
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Explanation:
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Answer:
It is an intermediate product because it is further used in the process of production .
Explanation:
The tractor is a vehicle used by farmers for production purposes attractors, the product is used for production purposes and is not for the general consumer to satisfy their daily needs. It is just used by farmers for farming purposes. The tractors are of course a final product. It is an intermediate Product. It is an intermediate product because it is further used in the process of production of various products like the plowing of fields. Purchase of Tractor has not been added because it is an element of intermediate consumption. Its value has already included in the value of sales of beach by farmers in the local market.
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