Give the meaning of final goods, consumer goods, capital goods, and in

1.	Give the meaning of final goods, consumer goods, capital goods, and intermediate goods.
Answer» a. Final goods: The final goods are those goods which are purchased for final utility or usage. Example for final goods are TV, mobile, sugar, ear, shoes, etc. b. Intermediate goods: The intermediate goods are those goods which are produced by one producer and used by another producer to produce final goods. Examples are raw cotton, wood, etc. c. Consumer goods: These are the goods which are purchased for consumption. Examples are food, clothes, TV, mobile, sugar, car, shoes, etc. d. Capital goods: These are the goods which are used to produce other products. Examples are machinery, tools, roads.

Give the meaning of final goods, consumer goods, capital goods, and intermediate goods.

Answer»

a. Final goods: The final goods are those goods which are purchased for final utility or usage. Example for final goods are TV, mobile, sugar, ear, shoes, etc.

b. Intermediate goods: The intermediate goods are those goods which are produced by one producer and used by another producer to produce final goods. Examples are raw cotton, wood, etc.

c. Consumer goods: These are the goods which are purchased for consumption. Examples are food, clothes, TV, mobile, sugar, car, shoes, etc.

d. Capital goods: These are the goods which are used to produce other products. Examples are machinery, tools, roads.

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