Final GOOD

A consumer good or final good is any commodity that is produced or CONSUMED by the consumer to satisfy current wants or needs. Consumer goods are ultimately consumed, rather than used in the production of another good. For example, a microwave oven or a bicycle that is sold to a consumer is a final good or consumer good, but the components that are sold to be used in those goods are intermediate goods. For example,textiles or transistors can be used to make some further goods.

When used in measures of national income and output, the term "final goods" includes only new goods. For instance, the GDPexcludes items counted in an earlier year to prevent double counting of production that is based on resales of the same item. In that CONTEXT, the ECONOMIC definition of goods includes what are commonly known asservices.

Manufactured goods are goods that have been processed in any way. As such, they are the opposite of raw materials, but they include intermediate goods as well as final goods.


hope this helps
plz mark me as brainliest...