Distinguish between Intermediate goods and Final goods. Also give examples.
Distinguish between Intermediate goods and Final goods. Also give examples.
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| Intermediate Goods | Final Goods |
| (i) These goods to be used as raw material for the production of other goods during the accounting year | There goods not to be used as raw material for the production of other goods during the accounting year |
| (ii) These goods to be used for resale by the firms to make profits during the accounting year | These goods not to be used Ior resale by the firms to make profits during the accounting year. |
| (iii)Value is yet to be added to these goods. | Value is not to be added to these goods |
| Eg. - Raw material | Eg. - Machine purchased for ihe installation in the factory. |
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