write five examples each for final and intermediate goods?
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Intermediate goods
They are still within the production boundary. For example, coal used in factory for further production.
Final goods
They are ready for use in the sense that no value has to be added.
For example, milk purchased by household for consumption.
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Answer:
For Example:
(i) Sugar is an intermediate good when it is used for making sweets. However, if it is used by the consumers, then it becomes a final good. (ii) Similarly, milk is an intermediate good when it used in dairy shops for resale. However, it becomes a final good when it is used by other house hold.
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