Final goods are products that have completed the manufacturing process and are ready for sale to the end consumer, distinguishing them from intermediate goods used in the production of other goods. These goods are crucial in calculating a country's Gross Domestic Product (GDP) as they represent the end point of economic activity within a given period.

Final Goods

Final goods

products that have completed the manufacturing process

ready for sale

end consumer

Intermediate goods are products used as inputs in the production of other goods, rather than being sold directly to consumers. They play a crucial role in supply chains and are essential for the production of final goods, impacting overall economic activity and growth.

intermediate goods

production of other goods

Gross Domestic Product (GDP)

end point of economic activity

economic activity within a given period

Relevant Degrees

Your Lessons