Sugar purchased by a Sweet shop is an good, while it is a _ good when it is purchased by a consumer.

capital, final

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final, intermediate

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intermediate, final

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final, producer

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Solution

The correct option is C intermediate, final
Sugar purchased by a Sweet shop is an intermediate good, while it is a final good when it is purchased by a consumer as sugar purchased by a sweet shop is used as a raw material and goods used for raw material are classified as intermediate goods as value is yet to be added, while, sugar purchased by a consumer is a final good as it is directly consumed and no value is yet to be added.

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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

- X

- Y

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

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