Question

what is difference between final and intermediate give cause why we differentiate between final and intermediate​

Answer 1

Answer:

Final goods are referred to as those goods which do not require further processing.

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Difference between Final Goods and Intermediate Goods.

Final Goods Intermediate Goods

Final goods are those goods that are manufactured to be consumed directly by the consumer Intermediate goods are referred to as those goods that are used for producing final goods

Answer 2

Answer:

Hey!

Final goods itself says that the good is finalized or ready to use.

Intermediate goods are goods which are either for reselling or for further production.

The end use of the product helps us in determining whether it is final or intermediate goods.

For Eg: Milk

Milk can be a final good if purchased by consumer whereas can be a intermediate good if purchased for reselling purpose or for further production of sweets, dairy products.

For Eg: Milk used in making paneer by a factory - It is a intermediate good because of it's end use.

For Eg: Milk purchased by household- It is a final good because of it's end use.

Hope You Understood The Concept.