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Question
Let’s take a commodity- sugar. A factory manufactures sugar and sells some of it to households in the village. Some of the sugar is also used to make ice cream. And the remaining sugar is used to make chocolate syrup that is sold in the market. Some of the ice cream is sold in retail outlets and some of it used to make milkshakes in a factory. These milkshakes are now sold in bottles to consumers. Which of the following are intermediate goods?
Let’s take a commodity- sugar. A factory manufactures sugar and sells some of it to households in the village. Some of the sugar is also used to make ice cream. And the remaining sugar is used to make chocolate syrup that is sold in the market. Some of the ice cream is sold in retail outlets and some of it used to make milkshakes in a factory. These milkshakes are now sold in bottles to consumers. Which of the following are intermediate goods?
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Solution
The correct options are
A Sugar
B Ice cream
Chocolate syrup is sold directly in the market and so are milkshakes- these two are only final goods.
A
Sugar
B
Ice cream
Chocolate syrup is sold directly in the market and so are milkshakes- these two are only final goods.
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