Sunday, October 28, 2007

What is the difference between a final good and an intermediate good?

What is the difference between a final good and an intermediate good? Give an example of both.

7 comments:

Anonymous said...

Well final good is actually final, and intermiediete good is not really complete.

Erika Rojas said...

the difference is that the intermediate is goods you could buy or sell

david torres said...

final good is stuff we need our whole life while an intermeiate good is things we need but not as much..

cortnei davenport said...

A final good is a good, such as a loaf of bread, sold to it's user. The intermediate goods that go into making a loaf of bread- flour, wheat, sugar, honey-are not counted by gross domestic product.

an example of an final good is a cake and the intermediate good id flour and eggs, milk and buttercreme...and whatever other ingredients go into cakes!

Juang said...

I believe a final good is an object that is in its final stage of production or is an object that is already finished while as an intermediate is an object that is almost done or is halfway done. a final good would be n object like a video game that has been tested and alll bugs worked out and is alreay being sold, where as an intermediate means that the ogame is missing like 5 levels or a main character alll an intermediate means is that it is missing something.

Esperanza Nunez said...

final good is the finished product and intermediate good is that is still in progress.
final good- toy being done.
intermediate good- The head of the toy is off.

David Gutierrez said...

Intermediate goods are goods used as inputs in the production of other goods.Example of a intermediate good is steel is used to make bikes and other goods.

Final good are goods that are consumed rather than used in the production of another good.Example of a final good is a car being sold to a consumer is a final good.

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