Question

what is is known as final goods?

Answer 1

For example, a microwave oven or a bicycle which is sold to a consumer is a final good or consumer good, whereas the components which are sold to be used in those goods arecalled intermediate goods. For example, textiles or transistors which can be used to make some furthergoods.

Answer 2

Hey mate here is your answer

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. ... When used in measures of national income and output, the term "final goods" only includes new goods.

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