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| <center>Final Goods</center> |
Intermediate Goods |
|
Final goods are those goods that are manufactured to be consumed directly by the consumer |
Intermediate goods are referred to as those goods that are used for producing final goods |
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Final goods are finished goods |
Intermediate goods are goods that are partly prepared and can be referred to as unfinished goods or partly finished goods |
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Final goods are available for consumption or can be used for capital formation |
Intermediate goods are available for reselling by the firms for generating profit |
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Final goods are ready to be consumed and therefore do not require any further processing |
Intermediate goods require further processing in order to be consumed |
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Final goods are considered to be a part of national income and have an impact on the national income |
Intermediate goods are not included in the national income and therefore have no impact |
|
Final goods have inherent demand or direct demand |
Intermediate goods do not have natural demand and the demand is derived based on user preference |
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