What are the differences between final goods and intermediate goods? – InterviewSolution

1.

What are the differences between final goods and intermediate goods?

Answer»

Final Goods	Intermediate Goods
(i) Final goods are those goods which are purchased for final utility or usage.	(i) Intermediate goods are those goods which are produced by one producer and used by another producer to produce some other final goods
(ii) Example for final goods are TV, mobile, sugar, car, shoes etc.	(ii) Examples are raw cotton, wood etc.

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