What are final goods and intermidiate goods give example?
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<>An intermediate good is a product used to produce a final good or finished product. These goods are sold between industries for resale or the production of other goods.
<>Final good is the product that is available in the market for consumers to purchase.
•For example
Wheat flour or sugar produced in a company is used as raw materials in a biscuit producing company. Wheat flour and sugar are intermediate goods and the biscuits produced are the final goods.
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<>An intermediate good is a product used to produce a final good or finished product. These goods are sold between industries for resale or the production of other goods.
<>Final good is the product that is available in the market for consumers to purchase.
•For example
Wheat flour or sugar produced in a company is used as raw materials in a biscuit producing company. Wheat flour and sugar are intermediate goods and the biscuits produced are the final goods.
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Answered by
18
HEYA MATE HERE U GO.
❤. INTERMIDIATE GOODS ❤
These goods are ment for further production.
These are noy included in GDP.
❤. FINAL GOODS ❤
These are used for final consumption.
These are included in GDP
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