- Final goods
In economics final goods are goods that are ultimately consumed rather than used in the production of another good. For example, a car sold to a consumer is a final good; the components such as tires sold to the car manufacturer are not; they are intermediate goods used to make the final good.
When used in measures of national income and output the term final goods only includes new goods. For instance, the GDP excludes items counted in an earlier year to prevent double counting of production based on resales of the same item second and third hand. In this context the economic definition of goods includes what are commonly known as services.
Consumer goods are final goods specifically intended for the mass market. For instance, consumer goods do not include investment assets, like precious antiques, even though these antiques are final goods.
Manufactured goods are goods that have been processed by way of machinery. As such, they are the opposite of raw materials, but include intermediate goods as well as final goods.
Types of goodsdamaged good - composite good - intangible good
Wikimedia Foundation. 2010.
Look at other dictionaries:
Final good — In economics final goods are goods that are ultimately consumed rather than used in the production of another good. For example, a car sold to a consumer is a final good; the components such as tires sold to the car manufacturer are not; they are … Wikipedia
Final Fantasy Crystal Chronicles (series) — Final Fantasy Crystal Chronicles Final Fantasy Crystal Chronicles logo Genres Action role playing, city building Developers The Game Designers Studio, Square Eni … Wikipedia
final consumption — UK US noun [U] ECONOMICS ► the total amount of goods and services bought and used in an economy, or the action of buying these goods and services: private/household/government final consumption »Private final consumption grew by a robust 13.5… … Financial and business terms
Goods and Services Tax (Canada) — The Canadian Goods and Services Tax (GST) (French: Taxe sur les produits et services, TPS) is a multi level value added tax introduced in Canada on January 1, 1991, by Prime Minister Brian Mulroney and finance minister Michael Wilson. The GST… … Wikipedia
Final Fantasy Crystal Chronicles — This article is about the first Final Fantasy Crystal Chronicles video game. For the series, see Final Fantasy Crystal Chronicles (series). Final Fantasy Crystal Chronicles North American box art Developer(s) … Wikipedia
final invoice — An invoice that replaces a proforma invoice for goods. The proforma invoice is sent before all the details of the goods are known. The final invoice contains any missing information and states the full amount still owing for the goods … Big dictionary of business and management
goods and services tax — noun a tax on the consumption of goods and services, imposed on the value (usually defined as sales less purchases) that is added at each stage of the manufacturing and distribution process and levied at the point of sale to the final consumer.… … Australian English dictionary
Consumer goods in the Soviet Union — Soviet Union This article is part of the series: Politics and government of the Soviet Union … Wikipedia
Consumer Goods — Products that are purchased for consumption by the average consumer. Alternatively called final goods, consumer goods are the end result of production and manufacturing and are what a consumer will see on the store shelf. Clothing, food,… … Investment dictionary
Characters of Final Fantasy VIII — Final Fantasy characters Final Fantasy V … Wikipedia