Thank you for registering.

One of our academic counsellors will contact you within 1 working day.

Please check your email for login details.
MY CART (5)

Use Coupon: CART20 and get 20% off on all online Study Material

ITEM
DETAILS
MRP
DISCOUNT
FINAL PRICE
Total Price: Rs.

There are no items in this cart.
Continue Shopping
Grade: 12

                        

question :Differentiate between Intermediate and Final Goods.

question :Differentiate between Intermediate and Final Goods.

 
 
 

6 months ago

Answers : (2)

Vikas TU
14148 Points
							
Dear student 
Intermediate goods refer to those goods which are used either for resale or for further production in the same year. 
Final goods refer to those goods which used either for consumption or for investment. 
6 months ago
ankit singh
askIITians Faculty
614 Points
							

ANSWER

 

 Intermediate goods   Final goods 
Intermediate goods refer to those goods which are used either for resale or for further production in the same year. 
 
Final goods refer to those goods which used either for consumption or for investment. 
They are not ready for use in the sense some value has to be added to the intermediate goods.  They are ready for use in the sense that no value has to be added.
They are still within the production boundary. They are ready for use in the sense that no value has to be added.
For example, coal used in factory for further production. For example, milk purchased by household for consumption. 
 
6 months ago
Think You Can Provide A Better Answer ?
Answer & Earn Cool Goodies


Course Features

  • 728 Video Lectures
  • Revision Notes
  • Previous Year Papers
  • Mind Map
  • Study Planner
  • NCERT Solutions
  • Discussion Forum
  • Test paper with Video Solution


Course Features

  • 731 Video Lectures
  • Revision Notes
  • Test paper with Video Solution
  • Mind Map
  • Study Planner
  • NCERT Solutions
  • Discussion Forum
  • Previous Year Exam Questions


Ask Experts

Have any Question? Ask Experts
 
 
Answer ‘n’ Earn
Attractive Gift
Vouchers
To Win!!! Click Here for details