should purchase of wheat in the wholesale market be treated as the purchase of final good
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Should purchase of wheat in the wholesale market be treated as a purchase of final goods?
It is an intermediate product as wheat is used for further production during the same year or is meant for resale.
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Should purchase of wheat in the wholesale market be treated as a purchase of final goods?
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It is an intermediate product as wheat is used for further production during the same year or is meant for resale.
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Should purchase of wheat in the wholesale market be treated as a purchase of final goods?
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Should purchase of wheat in the wholesale market be treated as the purchase of a final good?
Should purchase of wheat in the wholesale market be treated as the purchase of a final good?
Byju's Answer Standard XII Economics
Items Excluded in GDP
Should purcha... Question
Should purchase of wheat in the wholesale market be treated as the purchase of a final good?
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Purchase of wheat in the wholesale market is often done by the traders. Wheat is a consumption good and traders are not the final users of wheat. Therefore, purchase of wheat in the wholesale market is to be treated as the purchase of intermediate good.
However, sometimes the households buy wheat in bulk from wholesale market. In such situations, purchase of wheat should be treated as purchase of a final good.
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Should the purchase of wheat in the wholesale market be treated as the purchase of the final good
Should the purchase of wheat in the wholesale market be treated as the purchase of the final good - Economics - Determination of Income and Employment
Rishabh Thakur, asked a question
Subject: Economics, asked on 11/12/20
Should the purchase of wheat in the wholesale market be treated as the purchase of the final good?
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Bhuvnesh Chhabra answered this
Dear student Traders are the ones who oftenly pychase wheat from wholesale markets.Then they will sell this wheat to consumers or households.Wheat is a consumption good and traders are not the final users of wheat. Therefore, this purchase of wheat in the wholesale market is to be treated as the purchase of intermediate good. Sometimes, the households directly buy wheat in bulk from wholesale market. In such situations, purchase of wheat should be treated as purchase of a final good Regards Regards
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