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Distinguished between intermediate and final goods …

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Distinguished between intermediate and final goods and explain the importance of this distinction in the study of national income?

Posted by Kamna Lutthra 3 years, 10 months ago

CBSE > Class 12 > Economics

2 answers

Tanasvi Shekhawat 3 years, 10 months ago

Int

1Thank You

Banjara 07 3 years, 10 months ago

Intermediate goods refer to those goods which one production unit purchases from another production unit ,either for resale or for consumption during the same year. Final goods refer to those goods which are either used for consumption or for investment. The distinction between intermediate goods and final goods are important because, the value of only final goods are included while calculating national income.

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CBSE > Class 12 > Economics