Distinguish between Final Goods and Intermediate Goods.

CBSE Sample Question Paper, Class 12 ECONOMICS Term 2 Question - Distinguish between Final Goods and Intermediate Goods.

Distinguish between Final Goods and Intermediate Goods.

Answer.
Final goods refer to those goods which are used either for final consumption or for investment purposes. Whereas Intermediate goods refer to those goods which are used either for resale or for further production purposes.