Classify the following into intermediate goods or final goods with reasons
Dear student
intermediate goods are those goods which are for resale purpose.
1) as dealer of machinery, purchases machinery for the purpose of resale.hence, it is an intermediate goods.
2) car purchased by a household is a final good .because
Final goods are those goods which are used for consumption
Regards.
intermediate goods are those goods which are for resale purpose.
1) as dealer of machinery, purchases machinery for the purpose of resale.hence, it is an intermediate goods.
2) car purchased by a household is a final good .because
Final goods are those goods which are used for consumption
Regards.