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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