Question

Why do we consider chalks purchased by a school as intermediate goods ? When Chalks are used with in same
financial year.

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Answer 1

Answer:

Intermediate goods refer to those Goods and services which are purchased for resale, for further production and completely used up during the same year. Because chalks, duster ,etc. purchased by a school are intermediate goods as these are used up in the process the value -addition during the year .

Answer 2

Explanation:

Intermediate goods refer to those Goods and services which are purchased for resale, for further production and completely used up during the same year. Because chalks, duster ,etc. purchased by a school are intermediate goods as these are used up in the process the value -addition during the year .