1.

Distinguish between final products and intermediate products. Give an example of each.

Answer»
Basis of distinctionIntermediate productsFinal products
(i) UsersThese are used by the producers.These are used by the consumers and producers.
(ii) PurposeThese are used for producing products.These are used for satisfying human wants and for investment
(iii) National IncomeThese are not included in national income.These are included in national income.
(iv) ExamplesRaw materials, fuel, electricity, stationeryTelevision, sugar, vegetables


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