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Giving Reasons Classify the Following into Intermediate Products and Final Products: (I) Furniture Purchased by a School. - Economics

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Giving reasons classify the following into intermediate products and final products:

(i) Furniture purchased by a school. 

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Solution

Furniture purchased by the school is a final product as it is used by the school for final consumption purposes and does not undergo any further processing.

Concept: A Simple Economy
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