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Distinguish between intermediate goods and final …

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Distinguish between intermediate goods and final goods . Can purchase of a new car can be categories as intermediate good? Explain.

Posted by Aditi Shrivastava 6 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Paavak Bansal 6 years, 6 months ago

The goods which have have not crossed the production boundary and are still in the process of reselling to earn profit is called intermediate good. The goods which have crossed the production boundary and have been bought by household sector i.e. will not be resold are called final goods. Eg of car- We treat car as an intermediate good or not depends upon the buyer i.e. if the car is bought for lending service to earn profit then it will be intermediate good But if the car is bought by a person just for personal use then it is a final good because there is no profit motive

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