Question 1 (Choice 1) - CBSE Class 12 Sample Paper for 2022 Boards [Term 2] - Economics - Solutions to CBSE Sample Paper - Economics Class 12

Last updated at April 16, 2024 by

 

Distinguish between Final Goods and Intermediate.

(2 Marks)

Answer

Final goods- It refer to those goods which are used either for final consumption or for investment purposes. Example- Sugar purchased by household

Intermediate goods- It refer to those goods which are used either for resale or for further production purposes. Example- Sugar purchased by sweetshop

 

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Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years and a teacher from the past 18 years. He teaches Science, Economics, Accounting and English at Teachoo