should purchase of wheat in the wholesale market be treated as the purchase of intermediate goods
Mohammed
Guys, does anyone know the answer?
get should purchase of wheat in the wholesale market be treated as the purchase of intermediate goods from screen.
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?
Open in App Solution
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.
Suggest Corrections 1
SIMILAR QUESTIONS
Q. Wholesalers purchase goods in bulk from .Q.Purchase of a car always means the purchase of a final good. Do you agree?
Q. _____________ may be defined as the total amount of goods which all the buyers of final output in the economy desire to purchase.Q. Wholesalers undertake advertisements and other sales promotional activities to induce customers to purchase the goods. The function performed by the wholesalers is ____.Q. In _________, a person doesn't have to physically go to the market and purchase goods.View More RELATED VIDEOS
Items Excluded in GDP
ECONOMICS Watch in App EXPLORE MORE
Items Excluded in GDP
Standard XII Economics
[SOLVED] Should purchase of wheat in the wholesale market be tre
Should purchase of wheat in the wholesale market be treated as the purchase of a final good Purchase of wheat in the wholesale market is often done by the
Should purchase of wheat in the wholesale market be tre
Should purchase of wheat in the wholesale market be tre
|
Should purchase of wheat in the wholesale market be treated as the purchase of a final good?
Please scroll down to see the correct answer and solution guide.
Right Answer is:
SOLUTION
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.
Related Questions
How do you distinguish between old-age pension and reti
What causes an increase in the inventory stock An incr
What is meant by the value-added method The value-adde
What do you mean by the error of double counting The e
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.
Commerce Question > Should purchase of wheat in the wholesale mar... Download as PDF
Should purchase of wheat in the wholesale market be treated as a purchase of final goods?
Most Upvoted Answer
Should purchase of wheat in the wholesale market be treated as a purch...
It is an intermediate product as wheat is used for further production during the same year or is meant for resale.
View all answers
1 Crore+ students have signed up on EduRev. Have you?
Learn This Topic In Detail
More from Related Course
NCERT Textbooks & Solutions for Commerce
View notes & videos
View courses related to this question
Explore Commerce courses
Top Courses For Commerce
NCERT Textbooks & Solutions for Commerce
General Test Preparation for CUET
Economics Class 11
Chapter Notes for Commerce
Economics Class 12
NCERT Textbooks & Solutions for Commerce
General Test Preparation for CUET
Economics Class 11
Chapter Notes for Commerce
Economics Class 12 View all
Similar Commerce Doubts
THE COST CONCEPT STATES THAT ALL GOODS AND SERVICES PURCHASED SHOULD BE RECORDED AT SELECT ONE: HISTORICAL COST MARKET COST BOTH (
View answer
SUPPOSE IF WE HAVE PURCHASED MACHINE AND AFTER FIVE YEARS IF DOES NOT WORK. WE ARE REQUIRED TO PURCHASE A NEW PART OF THE MACHINE , THEN WHERE THIS NEW MACHINE PART SHOULD BE DEBITED IN MACHINE ACCOUNT OR REPAIRS ACCOUNT? PLZ ALSO EXPLAIN ME REASON.?
View answer
R LTD PURSHASED 500SQ METRE LAND FOR RS 1.5 CRORE TO BUILD A FACTORY AT THE END OF THE YEAS THE MARKET VALUE OF LAND WAS 1.35 CRORE R LTD TREATED RS 15 LAKH AS LOSS AND RECORDED THE LAND AT 1.35 CRORE IS IT A CORRECT TREATMENT.?
View answer
MR. X WENT TO MARKET TO PURCHASE 3 KG OF SUGAR, 10 KG OF WHEAT AND 1KG OF SALT. IN A SHOP, ARPICO NEAR TO MR. X’S RESIDENCE, THESE COMMODITIES ARE PRICED AT RS 20, RS10 AND RS 8 PER KG WHEREAS IN THE LOCAL MARKET, CARGILLS THESE COMMODITIES ARE PRICED AT RS 15, RS. 8 AND RS 6 PER KG RESPECTIVELY. IF THE COST OF TRAVELING TO CARGILLS IS RS 25, FIND THE NET SAVINGS OF MR. X, USING MATRIX MULTIPLICATION METHOD.?
View answer
BIHAR STEEL COMPANY HAD ISSUED 10% DEBENTURE OF RS.100 EACH , AMOUNTING TO 100000 REDEEMABLE AT THE OPTION OF THE COMPANY BY DRAWING AT PAR OR BY PURCHASE IN THE OPEN MARKET .IT DECIDED TO REMEED 25000 DEBENTURE BY PURCHASE OF 20000 DEBENTURES IN THE OPEN MARKET AT 99 EACH AND BY DRAWING AT PAR 5000 DEBENTURE.SHOW THE NECESSARY JOURNAL ENTRIES IN THE BOOKS OF COMPANY. RELATED: REDEMPTION OF DEBENTURE (PURCHASE OF OWN DEBENTURE IN OPEN MARKET)?
View answer View more
Quick Links For Commerce Exam
850+ Video Lectures View All Videos 2500+ Revision Notes View All Docs 600+ Online Tests View All Tests 10,000+ Doubts Solved View All Questions
Should purchase of wheat in the wholesale market be treated as a purchase of final goods?
Share with a friend Answer this doubt
Question Description
Should purchase of wheat in the wholesale market be treated as a purchase of final goods? for Commerce 2023 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Should purchase of wheat in the wholesale market be treated as a purchase of final goods? covers all topics & solutions for Commerce 2023 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Should purchase of wheat in the wholesale market be treated as a purchase of final goods?.
Solutions for Should purchase of wheat in the wholesale market be treated as a purchase of final goods? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of Should purchase of wheat in the wholesale market be treated as a purchase of final goods? defined & explained in the simplest way possible. Besides giving the explanation of Should purchase of wheat in the wholesale market be treated as a purchase of final goods?, a detailed solution for Should purchase of wheat in the wholesale market be treated as a purchase of final goods? has been provided alongside types of Should purchase of wheat in the wholesale market be treated as a purchase of final goods? theory, EduRev gives you an ample number of questions to practice Should purchase of wheat in the wholesale market be treated as a purchase of final goods? tests, examples and also practice Commerce tests.
© EduRev
Guys, does anyone know the answer?