Intermediate goods and final good different
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Yogita Ingle 6 years, 5 months ago
Final goods
(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.
Intermediate goods
(i) The goods which are used up in producing the final goods and services.
(ii) The value of intermediate goods is not included in the national income.
(iii) Example, flour, cotton, etc.
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