What Is The Difference Between Intermediate Goods And Final Goods?

Intermediate Goods:

1. have not crossed boundary line of production.
2. Value is yet to be added.
3. not ready to use for final users.
4. are a part of final goods.
5. are not included in the estimation of national income.
6. Example: furniture purchased by the carpenter.

Final Goods:

1. crossed boundary line of production.
2. Value is not to be added.
3. ready to use for final users.
4. are not a part of final goods.
5. are included in the estimation of national income.
6. Example: milk consumed by households.