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diffrent between intermidiate and final goods

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diffrent between intermidiate and final goods

    • Posted by Siddharth Rajput 6 years, 3 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Sia ? 6 years, 3 months ago

    <th scope="col">Final goods</th> <th scope="col">Intermediate goods</th>
    Finals goods are those goods which are used by the consumers for final use. Intermediate goods are those goods which are not ready for final consumption and are used as raw materials
    Final goods are manufactured using intermediate goods. Intermediate goods are used as raw material for further production of final goods.
    They are finished goods.  They are unfinished goods. These goods are not meant for sale. 
    Value is calculated for GDP. Not calculated, as the value of final goods included the value of intermediate goods
    e.g. Sugar, salt, biscuits purchased by consumer for final consumption are final goods. e.g. flour, milk and sugar are intermediate goods used in making biscuits.

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