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What is meant by final goods? - Economics

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Question

What is meant by final goods?

Very Short Answer
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Solution

Final goods are goods and services that are ready for use or consumption by the end user and will not be transformed or resold.

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Chapter 18: National Income and Circular Flow of Income - TEST YOURSELF QUESTIONS [Page 362]

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Frank Economics [English] Class 12 ISC
Chapter 18 National Income and Circular Flow of Income
TEST YOURSELF QUESTIONS | Q 4. | Page 362
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