Which of the following goods needs further transformation in the economic process?

Correct option is C

S18. Ans.(c)
Sol.
The correct answer is (c) Intermediate goods.

Intermediate goods are products used as inputs in the production of final goods or services. They undergo further processing or transformation before becoming part of the final product sold to consumers. For example, steel used in manufacturing automobiles is an intermediate good.

Additional Information:

• Consumer durable goods: These are finished products intended for long-term use by consumers, such as appliances and vehicles.
• Finished goods: Products that have completed the manufacturing process and are ready for sale to end-users.
• Capital goods: Assets like machinery and equipment used by businesses to produce other goods and services; they are not transformed into final products but facilitate production.