CUET Preparation Today
What do you understand by the term "Final good" in the context of economics? |
Item meant for final use Item meant for further processing Item used in production of other goods None of the above |
Item meant for final use |
Such an item that is meant for final use and will not pass through any more stages of production or transformations is called a final good. For example: Jean, Fridge etc. used for final consumption. |
