Q.

Steel sheets used in the production of furnitures is an example of

A. an intermediate good
B. a final good
C. an investment good
D. a consumption good
Answer» A. an intermediate good
Explanation: Intermediate goods are semi- finished products are goods that are used as inputs in the production of oilier goods including final goods. It comprises material or item that is a final-product of a process, but is also used as an input in the production process of some other good. In the production process, intermediate goods either become part of the final product, or are changed beyond recognition.
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