Difference between intermediate goods and final …

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Difference between intermediate goods and final goods

Posted by Shweta Kandari 4 years, 8 months ago

CBSE > Class 12 > Economics

2 answers

Utkarsh Soni 4 years, 8 months ago

Final goods refer to those goods which are used either for consumption or for investment. Intermediate goods refer to those goods which are used either for resale or for further production in the same year. ... They are not ready for use, i.e. some value has to be added to the intermediate goods.

1Thank You

Kashish Agrawal 4 years, 8 months ago

Intermediate goods are those goods which have not crossed the boundary line of production, are not ready to use by the final user. Final goods are those goods which have crossed the boundary line of production, are ready to use by the final user.

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