Question

Identify intermediate goods from the following:

1. Soft drinks purchased by the school canteen.
2. Machine purchased by a firm.
3. Seeds purchased by a farmer to grow wheat.
4. Electricity consumption in a business.

पर्याय

• (ii), (iii)

• (i), (ii), (iii)

• (i), (iv)

• (i), (iii) and (iv)

Answer 1

(i), (iii) and (iv)

Explanation:

Intermediate goods are goods that are either used as raw materials for producing other goods or are for resale within the same year of purchase.

They are not final goods ready for consumption but are inputs in the production process.

• (ii) Machine purchased by a firm: This is an intermediate good because the machine is used by the firm in the production of other goods or services.
• (iii) Seeds purchased by a farmer to grow wheat: Seeds are intermediate goods as they are used to produce the final good, wheat.

The other options:

• (i) Soft drinks purchased by the school canteen are final goods because they are ready for consumption.
• (iv) Electricity consumption in a business is considered a utility/service used in production, but not typically classified as an intermediate good in the same manner as physical goods like machines or seeds.

Therefore, (ii) and (iii) fit the definition of intermediate goods.