Question

Why are final goods and services counted?

Answer 1

Only final products and services are accounted for since a firm has to stay away from numerous counts. The costs take care of the expense of every single transitional phase when producing the product or item and services that were utilized to create the final yield. One more approach is that it is used to ascertain GDP.

Also see:

• Difference Between Final Goods and Intermediate Goods
• Classification of Final Goods
• What are Intermediate Goods?