What is the difference between final goods and
Intermediate goods?
A)Final goods require further processing before consumption.
B)Intermediate goods are sold directly to the consumer.
C)Intermediate goods are inputs for other goods.
D)Final goods require further processing before consumption, while intermediate goods are inputs for
Other goods.

Question

Quizplus · Accepted Answer

Intermediate goods are inputs for the production of other goods and are not sold directly to consumers. Final goods, on the other hand, are meant for consumption and do not require further processing. Therefore, option C correctly identifies the difference between final and intermediate goods. Option A and D are incorrect as they both state that final goods require further processing, which is not true. Option B is incorrect as intermediate goods are not sold directly to consumers.

What Is the Difference Between Final Goods and