Types of goods

The goods which have crossed the boundary line of production and are ready for use by their final users

• Final goods

• Raw materials
• Intermediate goods

The goods which are purchased by one firm from the other firm as a raw material and as a goods for resale.

• Final goods

• Intermediate goods

• Consumer goods

Final goods are used by the

• Consumers

• Producers

• Government

• All of these

Classification of goods depend on the

• Consumption of goods

• Production of the goods

• First -use of goods

• End-use of goods

A car purchased by a household is a _________

• Final Good

• Intermediate Good