Which among the following are final goods and which are intermediate goods? Give reasons.
Which among the following are final goods and which are intermediate goods? Give reasons.
(a) Milk Purchased by a tea stall.
(b) Bus purchased by a school.
(c) Juice purchased by a student from the school canteen.
Anurag Pathak Changed status to publish December 4, 2023
(a) Milk purchased by a tea stall.
It is an intermediate good as milk is purchased by a tea stall for further production.
(b) Bus purchased by a school.
It is a final good as bus is treated as an investment for the school.
(c) Juide purchased by a student from the school canteen.
It is a final good as juice purchased by a student is meant for consumption purpose.
Anurag Pathak Changed status to publish December 4, 2023
