Question

Write any two differences between intermediate goods and final goods with examples.​

Answer 1

Answer:

Differentiate between Intermediate and Final Goods.

Intermediate goods Final goods

They are still within the production boundary. They are ready for use in the sense that no value has to be added.

For example, coal used in factory for further production. For example, milk purchased by household for consumption.

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Answer 2

Explanation:

• goods which are purchased by the production unit from other production unit and means for resale or for using up completely during the same here are called intermediate goods for raw material

• goods which are purchased for consumption and investment Accord final goods

for example

• purchase of machinery for installation in factory