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Distinguish between final goods and intermediate goods

Posted by Manyashri K 4 years, 4 months ago

CBSE > Class 10 > Social Science

4 answers

Sahil Teja 4 years, 4 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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Rounak Mishra 4 years, 4 months 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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Yogita Ingle 4 years, 4 months 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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Gaurav Seth 4 years, 4 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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