Classify the folllowing goods into intermediate goods and final goods:

1.	Classify the folllowing goods into intermediate goods and final goods: (i) Milk purchased by a household (ii) Purchase of rice by a grocery shop (iiii) Purchase of an air conditioner for use in a shop (iv) Cloth used for making a sofa-set by the carpenter
Answer» Classify the folllowing goods into intermediate goods and final goods: (i) Milk purchased by a household (ii) Purchase of rice by a grocery shop (iiii) Purchase of an air conditioner for use in a shop (iv) Cloth used for making a sofa-set by the carpenter

Classify the folllowing goods into intermediate goods and final goods: (i) Milk purchased by a household (ii) Purchase of rice by a grocery shop (iiii) Purchase of an air conditioner for use in a shop (iv) Cloth used for making a sofa-set by the carpenter

Answer»

(i) Milk purchased by a household

(ii) Purchase of rice by a grocery shop

(iiii) Purchase of an air conditioner for use in a shop

(iv) Cloth used for making a sofa-set by the carpenter