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.


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.

Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
view all courses

Calculate nationaEconomics - Board Papers

Define flows.

Economics - Board Papers

National income iEconomics - Board Papers

Calculate net natEconomics - Board Papers

Find Gross Economics - Board Papers