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in Economics by (57.2k points)

Give the meaning of final goods, consumer goods, capital goods, and intermediate goods.

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a. Final goods: The final goods are those goods which are purchased for final utility or usage. Example for final goods are TV, mobile, sugar, ear, shoes, etc. 

b. Intermediate goods: The intermediate goods are those goods which are produced by one producer and used by another producer to produce final goods. Examples are raw cotton, wood, etc. 

c. Consumer goods: These are the goods which are purchased for consumption. Examples are food, clothes, TV, mobile, sugar, car, shoes, etc. 

d. Capital goods: These are the goods which are used to produce other products. Examples are machinery, tools, roads.

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