Which among the following are final goods and which are intermediate goods ? Give reasons. (a) Milk purchased by a tea stall. (b)Bus purchased by a school. (c) Juice purchased by a student from the school canteen.

Which among the following are final goods and which are intermediate g

1.	Which among the following are final goods and which are intermediate goods ? Give reasons. (a) Milk purchased by a tea stall. (b)Bus purchased by a school. (c) Juice purchased by a student from the school canteen.
Answer» Solution :(a) It is an intermediate GOOD as milk is PURCHASED by a tea stall for further production . (b) It is a final good as bus is treated as an investment for the SCHOOL. (c) It is a final good as JUICE purchased by a student is meant for consumption PURPOSE.

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Which among the following are final goods and which are intermediate goods ? Give reasons. (a) Milk purchased by a tea stall. (b)Bus purchased by a school. (c) Juice purchased by a student from the school canteen.

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