Final goods include only those goods which are consumed by the households. (True or False with Reasons).
Final goods include only those goods which are consumed by the households. (True or False with Reasons).
Anurag Pathak Changed status to publish December 5, 2023
False,
Final goods include those goods which are either consumed by the households or purchased by the producers for investment purposes.
Thus, if a firm purchased a good for investment purposes. It is also a final goods.
Anurag Pathak Changed status to publish December 5, 2023
