Final good

In contrast to intermediate products, which are employed in the production of other commodities, a final good, also known as a consumer good, is a product that has been finished and is now available for sale. It is utilised by the consumer to meet their present desires or requirements. A finished product, like as a microwave oven or a bicycle, is referred to as a final good, while the components that must be acquired in order to produce it are referred to as intermediate goods.

When used to calculations of national revenue and production, the term "final goods" refers only to newly produced items of merchandise. For instance, in order to avoid duplicate counting due to the subsequent sale of products, the gross domestic product (GDP) does not include things that were included in past years. In this particular setting, the economic definition of products include what are more typically referred to as services.

Goods that have undergone some kind of processing might be considered to have been manufactured. They are different from raw materials yet comprise both intermediate products and end goods in their scope of application.