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Q.

Goods that are ready for consumption or sale are called ____


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Detailed Solution

Goods that are ready for consumption or sale are called final goods.
Final goods are goods that are ready for consumption or sale. They are used to calculate the gross domestic product of a country. Final goods include the values of all the intermediate goods required to produce them. This way, it is more beneficial to use final goods to calculate the gross domestic product rather than intermediate goods to avoid double counting. Bread is an example of the finished product. It can be sold directly on the market and already includes the expense of flour and baking required to make the bread.
 
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