what are immediate and final goods? Give an example.
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For example, a microwave oven or a bicycle that is sold to a consumer is a final good or consumer good, but the components that are sold to be used in those goods are intermediate goods. ... When used in measures of national income and output, the term "final goods" includes only new goods.
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example, a microwave oven or a bicycle that is sold to a consumer is a final good or consumer good, but the components that are sold to be used in those goods are intermediate goods. ... When used in measures of national income and output, the term "final goods" includes only new goods.
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