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mukesh

· started a discussion

· 1 Months ago

intermmediate goods (Question: 185986.0 )

why cant intermediate goods be the answer

Question:

The goods which are meant either for consumption or for investment, are called  –

Options:
A) Final goods
B) Giffen goods
C) Inferior goods
D) Intermediate goods
Solution:
Ans:(a) All goods which are meant either for consumption by consumers or  for investment by firms are called final goods. They are meant for final use and the final use of a product is only for consumption or investment. Thus they do not undergo and further transformation (or change) in the production process nor are sold. 

isha dahiya

· commented

· 1 Months ago

the question says goods meant for consumption or investment .when you choose intermediate goods its wrong because intermediate goods are still inside the boundary of production ,means that intermediate goods will be utilised for further producing the final goods and it is only final goods that are consumed or used for investment.

Knowledge Expert

· commented

· 1 Months ago

Dear Student,

Given answer is correct. please read explanation.

Keep learning with us!!
Best wishes
Team Toprankers

Knowledge Expert

· commented

· 1 Months ago

Yet to be approved!

nilesh kumar

· commented

· 1 Months ago

intermediate goods are utilized to produce Final goods.
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