Final goods refer to those goods which are used either for consumption or for investment. Intermediate goods refer to those goods which are used either for resale or for further production in the same year. ... They are not ready for use, i.e. some value has to be added to the intermediate goods.
Let us now look into the points of difference between the final goods and intermediate goods.
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Difference between Final Goods and Intermediate Goods.
Final Goods 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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Answer:
Final goods refer to those goods which are used either for consumption or for investment. Intermediate goods refer to those goods which are used either for resale or for further production in the same year. ... They are not ready for use, i.e. some value has to be added to the intermediate goods.
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Answer:
Let us now look into the points of difference between the final goods and intermediate goods.
...
Difference between Final Goods and Intermediate Goods.
Final Goods 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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Explanation:
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