Question

what are the characteristics of final goods for class 12th economics.. (3*1=3marks)
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Answer 1

Answer:

Final goods are those goods which have crossed the boundary line of production and are ready for use by the final consumers. Say for example milk used by the consumer for self-consumption. Only final goods are included in the estimation of national income.

Explanation:

Final goods refer to those goods which used either for consumption or for investment. They are ready for use in the sense that no value has to be added. They have crossed the production boundary. For example, milk purchased by the household for consumption.

Answer 2

Answer:

Marks as brainlist first