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Title: Classification of goods
Description: This is a macro economic nots and they are relate of my book
Description: This is a macro economic nots and they are relate of my book
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MACRO ECONOMIC NOTS
CLASSIFICATION OF GOODS
FINAL GOODS- are those goods which have crossed the boundary line of production,and are ready for use by their final users
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final goods must lead to either final consumption expenditure or
investment expenditure in the economy
INTERMEDIATE GOODS are those goods which are purchased by one firm from the other for resale or for use as raw material in the
production of other goods
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CONSUMPTION GOODS:are those goods which are directly used for the satisfaction of human wants
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CAPITAL GOODS are fixed assets of the producer and are repeatedly used in the process of production these are durable-use producer goods
and are of high value Example:plant and machinery
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Component:(i) Consumption expenditure by the house hold
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INVESTMENT is a process of adding to the stock of capital
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Inventory Investment is the addition to the stock of inventory with the producer during an accounting year
Title: Classification of goods
Description: This is a macro economic nots and they are relate of my book
Description: This is a macro economic nots and they are relate of my book