In the production of sugar, sugarcane is:
In the production of sugar, sugarcane is:
(a) A Final Good
(b) An intermediate Good
(c) A Capital Good
(d) None of these
Anurag Pathak Changed status to publish December 5, 2023
Ans – (b)
Sugarcane is used as a raw material to produce the final product Sugar. Thus, Sugarcane becomes part of the final product within a year. Thus it is an intermediate good.
Anurag Pathak Changed status to publish December 5, 2023
