Final goods are
Agoods used further in production
Bgoods ready for consumption by the final consumer
Calways imported
Dalways raw materials
Answer & Solution
Correct answer: B. goods ready for consumption by the final consumer
1. Final goods are those used directly by the final consumer.
2. Intermediate goods feed into producing other goods.
3. Only final goods are counted in GDP to avoid double-counting.
_Source: NCERT Class 10 Understanding Economic Development, Ch 2 "Sectors of the Indian Economy"_
Related questions
Workers in the unorganised sector are best protected by'Underemployment' meansThe proportion of workers in the unorganised sector among total workers in India is roughlRight to Information (RTI) Act helps employees of the organised sector byWhich is NOT a way to create more employment in rural India suggested in the chapter?Workers in the unorganised sector need protection mainly because'Sunrise sectors' in India's economy includeTertiary-sector activities have grown rapidly in India because