Goods are produced for own use eg farmer produces grains for his own consumption
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Neha answered this
Okk...the goods that are produced for the own consumption are not added....but why...??
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Aditya Singh answered this
:-Own account production means doing activities for self consumption.
:-fixed assets mean fixed capital(things that are used on long term basis like machines,building,etc.)
So, own account production of fixed assets mean doing activities for self consumption using fixed assets
5
Kaash answered this
Of course they are added, but by taking the imputed value(i.e, cost that one would have to pay if such plant/machinery was purchased from the market), as they are not purchased by anyone, but, produced and used for own consumption
