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differentiate between final goods and intermediate goods

Posted by Harshdeep Singh 3 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Shivam Kumar 3 years, 6 months ago

1) Final goods are those which are produced to be consumed directly by the consumer. Ex :- Bread, microwave, milk etc. 2) Intermediate goods are those which are used for producing final goods. Ex :- wood, steal, coal etc are used in further production of goods.

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