What are final goods and intermediate goods....
Dear Student,
Please find below the answer to your question
| Final Goods | Intermediate Goods | ||
|---|---|---|---|
| 1. | These are the goods that are ready to be consumed or they are ready to be invested in. | 1. | These are the products that are ready for the next stage of processing or that are either sent for the reselling purpose. |
| 2. | Final goods have no such conditions | 2. | They must be used in the same year or after that they will be categorised into final goods. |
| 3. | An example is edible items in the sweet shop which are used for consumption. | 3. | An example is milk that is brought in the dairy for reselling. |
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