Question

What Are Final Goods and Intermediate Goods? Give Examples

Answer 1

Final goods are those goods that do not require further processing and can be consumed or used directly by the end user. Final goods are also known as consumer goods. Example: Bread

Intermediate goods are those goods that are used by businesses in producing final goods. Example: Wheat ( It is used to make bread or biscuits).

Also read:

• Difference Between Final Goods and Intermediate Goods
• Final Goods
• Intermediate Goods

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