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Difference between Final and intermediate goods

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Difference between Final and intermediate goods

    • Posted by Gurjot Dhanoa 6 years, 5 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Sia ? 6 years, 5 months ago

    <th scope="col">
    The goods which are used either for final consumption or for capital formation.  The goods which are used up in producing the final goods and services. 
    The value of final I goods is included in the national income.  The value of intermediate goods is not included in the national income. 
    Example, television, bread or bakery products, etc.  Example, flour, cotton, etc. 

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