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In the production of sugar, sugarcane is
A final good
A capital good
An Intermediate good
None of these
- Option 1: A final good
- Final goods are ready for consumption and don't undergo further processing.
- Sugarcane doesn't fit here as it's processed further to produce sugar.
- Option 2: A capital good
- Capital goods are assets like machinery used in the production of other goods.
- Sugarcane isn't an asset; it's a raw material.
- Option 3: An intermediate good
- Intermediate goods are used to produce final goods.
- Sugarcane is processed to make sugar, making it an intermediate good.
- Correct Answer: Sugarcane is an intermediate good.
- Option 4: None of these
- This doesn't apply since sugarcane fits as an intermediate good.
By: santosh ProfileResourcesReport error
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