Highlight any three differences between intermediate goods and final goods

indian-economy
cbse

#1

The differences are given in the table below
Final goods:
1.Used for final consumption.
2.Ready for use by final users.
3.Ready for use by final users
4.They are finished goods.
5.Value is calculated for GDP.
Intermediate goods:
1.Not used for final consumption.
2.Not ready for use by final users.
3.Used as raw material for production of final goods.
4.They are unfinished goods.
5.Not calculated, as the value of final goods included the value of intermediate goods.
6.e.g. flour, milk and sugar are intermediate goods used in making biscuits.