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Why is it necessary to take only final goods ?

Posted by Harsheet Raj 3 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Akansha Mathur 3 years, 4 months ago

Final goods refer to those goods which used either for consumption or for investment. They are ready for use in the sense that no value has to be added. They have crossed the production boundary. For example, milk purchased by the household for consumption.

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