1.

Which among the following are final goods and which are intermediate goods ? Give reasons. (a) Milk purchased by a tea stall. (b) Bus purchased by a school. (c) Juice purchased by a student from the school canteen.

Answer» Correct Answer - (a) It is an intermediate good as milk is purchased by a tea stall for further production .
(b) It is a final good as bus is treated as an investment for the school.
(c) It is a final good as juice purchased by a student is meant for consumption purpose.
(a) It is an intermediate good as milk is purchased by a tea stall for further production .
(b) It is a final good as bus is treated as an investment for the school.
(c) It is a final good as juice purchased by a student is meant for consumption purpose.


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