Refrigerator purchased by a confectionery shop is an example of _______________.

Final Good

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Intermediate Good

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Capital Good

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Both (a) and (c)

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Solution

The correct option is A Intermediate Good
Refrigerator purchased by a confectionery shop is an example of intermediate good since refrigerator is not yet ready for use by the final users. Value is yet to be added. Refrigerator is used as a raw material by a confectionery shop.

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Similar questions

Classify the folllowing goods into intermediate goods and final goods:

(i) Milk purchased by a household

(ii) Purchase of rice by a grocery shop

(iiii) Purchase of an air conditioner for use in a shop

(iv) Cloth used for making a sofa-set by the carpenter

Purchase of goods from a local shop or a mall or an exhibition are examples of___ .

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