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Difference between expenditure on final goods and expenditure on intermediate goods?

The difference between intermediate goods and final goods is in their nature. Intermediate goods are finished goods which can be used to make other good like wool. The final goods are sold to consumers like a woolen coat.


What is an example of an intermediate good and how does it contribute to the production process?

An example of an intermediate good is steel used in the manufacturing of cars. Intermediate goods are products that are used in the production of other goods or services. In this case, steel is essential in the production process of cars as it is used to make the car's frame, body, and other components. Without steel, the production of cars would not be possible, highlighting the crucial role of intermediate goods in the production process.


Is flour sold to a bakery a final good or intermediate good?

It would be an intermediate good because it will be used in the production of baked goods. It is only a final good if it is not part of the production process of something.


Is a haircut an example of a final good or service?

Yes


What is an example of something that self interest would not motivate consumers to provide in a free market?

Public goods: would be a shared good or service that is inefficient or impractical. An example would be roads or dams


What is an example of a collective good or service?

Food


Is car purchased by a taxi driver is final or intermediate good?

intermediate good


What is an example of a ritual?

A religious service (of any religion) is a good example of a ritual.


What is a example of a ritual?

A religious service (of any religion) is a good example of a ritual.


What would be a good age and breed for a horse small 11 year old rider who is intermediate?

Depends on how intermediate the rider is, and what discipline and style of riding they want to do


Is wilson a good golf ball brand?

Yes, they are decent enough, they would be an intermediate brand.


Is bread a final good or intermediate good as far as making sandwiches?

if the final good is the sandwich, bread is a component: therefore an intermediate good