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Identify and explain the following concept: Sheetal purchased wheat flour for her bakery from the flour mill. - Economics

Short Note

Identify and explain the following concept:

Sheetal purchased wheat flour for her bakery from the flour mill.

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Solution

Concept: Intermediate goods

Explanation:

An intermediate good refers to the goods purchased by a producer to be used in the production of their final goods.

Concept: Different Concepts of National Income
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APPEARS IN

Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 7 National Income
Exercise | Q 4. (3) | Page 69
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