Question

Goods purchased for the following purpose are final goods ________________.

• A. For satisfaction of wants
• B. For investment in firm
• C. Both (a) and (b)
• D. None of the above

Answer 1

The correct option is C Both (a) and (b)

Goods purchased for the following purpose are final goods:
a) For satisfaction of wants
b) For investment in firm
Final goods are those goods which crossed the boundary of production and are ready to use by their final users, Final goods must lead to either final consumption expenditure or investment expenditure in the economy.