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Answer: Sugar is an intermediate good when it is used for making sweets. ... If end use of a good is consumption or investment, then it is a final good. However, if the good is used for resale or further production (in the same year), then it is an intermediate good.
The term intermediate inputs refers to both goods and services that are used up in production. Other examples: Tires that a consumer buys to replace the worn tires on her car are final goods. The same tires, if bought instead by an automaker, would be intermediate inputs for new cars.
What are final goods and intermediate goods examples?
For example, a microwave oven or a bicycle which is sold to a consumer is a final good or consumer good, whereas the components which are sold to be used in those goods are called intermediate goods. For example, textiles or transistors which can be used to make some further goods.
What is the a final good?
Final goods, also called consumption goods or finished goods, are items that we buy to use or consume directly. Intermediate goods are things that become part of final goods, including raw materials
What is an example of intermediate good?
Some examples of intermediate goods include: Salt: Salt is considered an intermediate good because it is included in the final product of many food and non-food items. Wheat: Like salt, wheat is an intermediate good because it is processed to be used as part of another product, usually food or food-related.
To learn more about final good and intermediate good, refer
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