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Which of the following products are …

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Which of the following products are intermediate products and final products? Give suitable reasons 1. Wheat and rice purchased by households 2. Purchase of ticket for train journey by an individual 3. Purchase of a car by an employer for office use by his employees

Posted by Palak Chaudhary 4 months, 4 weeks ago

CBSE > Class 12 > Economics

3 answers

Arjun Kumar 4 months, 1 week ago

1.) Wheat purchased by household is an intermediate product. As the household will use it for further production. 2.) Train ticket purchased by an individual is final good. As the individual will use it to travel from one place to another.

Mr Thunder 4 months, 3 weeks ago

1. Wheat and rice purchased by households: - Intermediate products: They undergo further processing before becoming final food products. 2. Purchase of ticket for train journey by an individual: - Final product: Represents the consumption of train transportation service. 3. Purchase of a car by an employer for office use by his employees: - Intermediate product: Bought for further use within the organization, serving as transportation for employees.

Rajat Thakur 4 months, 4 weeks ago

3

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