A final good (also called a consumer good) is a product that is ready for consumption by individuals or businesses, without requiring further processing or transformation. These goods are the end result of production and are sold to the final consumer.
Examples of Final Goods:
- A car bought by a customer for personal use (not for resale or further production).
- A loaf of bread purchased from a store.
- A mobile phone used by an individual.
- A television set bought for home use.
