Question

What do final goods and services mean? A) production activities in the primary, seceondary and teritiary. B) large number of goods and services produced by primary, secondary and teritiary for comsumption and investment. C) both a and b D) none of the above​

Answer 1

The final goods and services are c). both a and b.

• In economics, any commodity which is produced and subsequently consumed by the consumer, to satisfy his current wants or needs, is a consumer good or final good.
• Final good and services mean the final product of all the sectors (primary secondary and tertiary) in a year.
• Final goods are referred to as those goods that do not require further processing.