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Q1) Highlight any three differences between intermediate goods and final
goods?

Q2)Highlight any three differences between intermediate goods and final goods?


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1. Intermediate goods are meant for further production..Final goods are ready for consumption.

2.The price of intermediate goods is not included in GDP. the prices of final goods is included in GDP.

3. eg- wood, eg-furniture.

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The difference between final good and intermediate good is a Final good is a loaf of bread sold to its user. Intermediate goods are the ingredients that go into the Bread, for example, flour or wheat, sugar and honey are not counted in GDP.

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 In economics final goods are goods that are ultimately consumed rather than used in the production of another good. For example, a car sold to a consumer is a final good the components such as tires sold to the car manufacturer are not; they are intermediate goods used to make the final good.

OR

The difference between a final good and an intermediate good is that a final good is like the final touch to it. And an intermediate good is a good that you need to get to the final good. For example...to build a park,you would need slides and swings, those are intermediate goods. Then when the park is all done then it would be a final good.

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thnx @askme

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FINAL GOODS

INTERMEDIATE GOODS

USED FOR FINAL CONSUMPTION

NOT USED FOR FINAL CONSUMPTION

READY FOR USE BY FINAL USERS

NOT READY FOR USE BY FINAL USERS

MADE USING INTERMEDIATE GOODS

USED AS RAW MATERIAL FOR PRODUCTION OF FINAL GOODS

THEY ARE FINISHED GOODS

UNFINISHED GOODS

MEANT FOR INVESTMENTS BY FIRMS

MEANT FOR RESALE

VALUE OF FINAL GOODS ARE CALCULATED FOR GDP

NOT CALCULATED AS VALUE OF FINAL GOODS ALREADY INCLUDES THE VALUE OF INTERMEDIATE GOODS

EG: BISCUITS ARE FINAL GOODS

EG: FLOUR, MILK, SUGAR USED IN MAKING BISCUITS ARE INTERMEDIATE GOODS

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Intermediate goods 1. These goods are meant for further production. 2. These goods are not counted in GDP to avoid the problem of double counting. 3. Example :wood is an intermediate good in manufacture of furniture. Final goods 1. They are used for final consumption. 2. They are counted in GDP. 3. Example : table, medicine,fan,etc.
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FINAL GOODS INTERMEDIATE GOODS •they are used for direct • used for making final consumption goods •value of these goods are • value of these good are included in GDP nit include in GDP •EG: furniture,cake etc. • EG: wood, sugar etc.
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Intermediate goods are those goods which are not ready for use but final goods are those which are ready for use .
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Please find this answer

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Intermediate goods_ goods that are converted into final goods.
Final goods_ goods that are demanded in the market. This is afforded by the consumers. Common difference between them is that intermediate goods are not afforded by the but it is the final goods
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1. Intermediate goods are less qualitier whilst final goods are more qualitier.
2. Intermediate goods do not serve all the needs required whilst final goods serve at least all the needs.
3.Intermediate goods are less expensive whilst final goods are expensive.
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