Question

Who are the final users of final goods?

Answer 1

Final goods are the end result of the production cycle, which means these products do not go further into the production phase. These products are used by producers and end-users or consumers to satisfy their current needs and wants.

Also see:

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