How intermediate goods are different from …
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Posted by Oki Pertin 5 years, 1 month ago
- 2 answers
Yogita Ingle 5 years, 1 month ago
| Intermediate goods | Final goods |
| Intermediate goods refer to those goods which are used either for resale or for further production in the same year.
|
Final goods refer to those goods which used either for consumption or for investment. |
| They are not ready for use in the sense some value has to be added to the intermediate goods. | They are ready for use in the sense that no value has to be added. |
| They are still within the production boundary. | They are ready for use in the sense that no value has to be added. |
| For example, coal used in factory for further production. | For example, milk purchased by household for consumption.
|
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Oki Pertin 5 years, 1 month ago
0Thank You