Final goods are those goods which are consumed only by the households. Defend or refute the given statement with a valid argument.
Final goods are those goods which are consumed only by the households. Defend or refute the given statement with a valid argument.
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The given statement is not correct and is thus refuted.
Final goods are those goods which are purchased/consumed either by households or by the producers for investment purpose, i.e., these are the goods which have crossed the production boundary.
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