Giving reasons, classify the following into intermediate and final goods. (i) Machines purchased by a dealer of machines.
Giving reasons, classify the following into intermediate and final goods.
(i) Machines purchased by a dealer of machines.
(ii) A car purchased by a household.
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(i) Machine purchased by a dealer of machines is a intermediate goods because it is meant for resale to someone.
(ii) A car purchased by a household is a final goods as it is used for consumption.
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