‘Machine purchased is always a final good’ do you agree? Give reason for your answer

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Whether machine is a final good or it depends on how it is being used (end use). If machine is bought by a household, then it is a final good. If machine is bought by a firm for its own use, then also it is a final good. If the machine is bought by a firm for resale then it is an intermediate good.

kratos · Answer 1 · 2021-02-24T08:59:19+0000

Whether machine is a final good or it depends on how it is being used (end use). If machine is bought by a household, then it is a final good. If machine is bought by a firm for its own use, then also it is a final good. If the machine is bought by a firm for resale then it is an intermediate good.

‘Machine purchased is always a final good’ do you agree? Give reason for your answer

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‘Machine purchased is always a final good’ do you agree? Give reason for your answer

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1 Answer

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