CBSE Class 12-commerce Answered

Intermediate goods: These goods are mostly used as raw material for the production of other goods during the accounting year. These goods may be used for further sale to earn profit during the accounting year. These goods are within the boundary line of production process. These goods are still in the process of value addition and are not available for use by their final users. These goods are not included in the estimation of national income.

Final goods: These goods are not used as raw material for the production of other goods during the accounting year. These goods are not used for further sale to earn profit during the accounting year. These goods are outside the boundary line of production process. A value addition is not required to these goods and is available for use by their final users. These goods are included in the estimation of national income.