Q. 18

Distinguish betwe

Answer :

Final goods are goods which can be sued for final consumption or investment. For example, if a household purchases food items for consumption, it will be a final good.

An intermediate good is a good which is to be used in further production or for resale. For example, a tea seller purchases milk.


OR


If in a locality, a new park is developed by the municipal corporation, it


will have externalities, both positive and negative.


The positive externality is that it would be a help to reduce pollution and would help to increase the efficiency and health of the people.


The negative externality is that it can become an element of anti-social crimes. It can lead to insecurity among the people.


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