Question

Write any three difference between intermediate goods and final goods.​

Answer 1

Answer:

(i) The goods which are used either for final consumption or for capital formation. (ii) The value of final I goods is included in the national income. (iii) Example, television, bread or bakery products, etc. (i) The goods which are used up in producing the final goods and services.

Answer 2

Answer:

Final goods refer to those goods which are used either for consumption or for investment. Intermediate goods refer to those goods which are used either for resale or for further production in the same year. ... They are ready for use by their final users i.e. no value has to be added to the final goods.

Explanation:

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