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Classify the following as a final or intermediate good. Give reasons for your answer. A car purchased by a company for business purposes. - Economics

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प्रश्न

Classify the following as a final or intermediate good. Give reasons for your answer.

A car purchased by a company for business purposes.

कारण बताइए
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उत्तर

  • The car is used directly in the provision of services (for example, transportation, delivery, or rental).
  • It is not meant for final consumption or investment, but rather to create revenue through business operations.
  • According to national revenue accounting, an intermediate good is one that is used in the production process.
  • To avoid double counting, its value is not included individually in national income calculations.
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  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 31: National Income and Circular Flow of Income - EXAMINATION CORNER [पृष्ठ ३१.१६]

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आर. के. लेखी और पी. के. धर Economics [English] Class 12 ISC
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