Q.

Goods which are meant either for consumption or for investment are called -

A. Final goods
B. Giffen goods
C. Inferior goods
D. Intermediate goods
Answer» A. Final goods
Explanation: All goods which are meant either (i) for consumption by consumers or (ii) for investment by firms are called final goods. They are finished goods, meant for final use. These are neither resold nor do they enter into further stages of production. Cars, television sets, cloth, food, machinery, equipments etc. are final goods.
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