Highlight any three differences between intermediate …

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Highlight any three differences between intermediate goods and final goods??

Posted by Shiba Prasad Jena 5 years ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 5 years 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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