What are the two types of final goods?

Asked by Topperlearning User | 15th Apr, 2016, 10:26: AM

Expert Answer:

Consumers and producers are the two types of final goods.

i. Consumer goods are purchased by the consumer for the satisfaction of their wants such as food stuffs, dress material and other accessories.

ii. Producer goods are purchased by the producers for further production such as land and, building machineries.

Answered by  | 15th Apr, 2016, 12:26: PM