Question

Is milk a final good or intermediate?

Answer 1

Milk acts as both an intermediate good as well as a final good, depending on the consumer who purchases it. A regular household purchases milk for final consumption, then milk becomes a final good. A sweet stall or a restaurant purchasing milk to prepare various other products like sweets, the cheese becomes an intermediate product.

Also see:

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