What Are Final Goods?

The final product is at different levels and in different research areas, with different definitions and regulations. For an enterprise, the final product refers to a product that is separated from the enterprise's production or processing process and put in storage or is waiting to be sold. For the entire national economy, due to different research objects, the final product has the following definitions and regulations: (1) Refers to products that can be directly provided to society for final consumption and use that are produced within a certain period of time and are no longer processed in the same period. Including personal consumer goods, public consumer goods (such as weapons and defense facilities), social group consumer goods (such as supplies and facilities used by culture, education, health, sports, non-production research units and state institutions), new fixed assets and social reserves Products, net exports, etc. The value of all final products is equal to national income plus depreciation. The final product in this sense is generally used for the assessment and calculation of the gross national product of a country or region. (2) Refers to all the means of living and the means of production for expanding the reproduction of the final results of the entire national economy within a certain period of time. The final product in this sense reflects the state of production of national income. (3) Refers to consumer materials that directly serve individuals and society. Including material and cultural life. ^[1]

Final product

Right!

The final product is at different levels and in different research areas, with different definitions and regulations. For an enterprise, the final product refers to a product that is separated from the enterprise's production or processing process and put in storage or is waiting to be sold. For the entire national economy, due to different research objects, the final product has the following definitions and regulations: (1) Refers to products that can be directly provided to society for final consumption and use that are produced within a certain period of time and are no longer processed in the same period. Including personal consumer goods, public consumer goods (such as weapons and defense facilities), social group consumer goods (such as supplies and facilities used by culture, education, health, sports, non-production research units and state institutions), new fixed assets and social reserves Products, net exports, etc. The value of all final products is equal to national income plus depreciation. The final product in this sense is generally used for the assessment and calculation of the gross national product of a country or region. (2) Refers to all the means of living and the means of production for expanding the reproduction of the final results of the entire national economy within a certain period of time. The final product in this sense reflects the state of production of national income. (3) Refers to consumer materials that directly serve individuals and society. Including material and cultural life. ^[1]

The final product is "

Its content includes: a certain period (year) of personal consumer goods, public consumer goods, products used for investment in fixed assets, products used to increase reserves, products used for defense, and

Primary products are defined as products obtained from natural resources through labor and processed as labor objects. Intermediate products are defined as products that use primary products as raw materials and serve as labor data after processing. This classification method has a certain innovative significance in national economic statistics and social product classification methods, and provides a scientific basis for making plans from the final product.

Usually includes: consumer and military products of individuals and social groups; accumulation and reserves of fixed assets; net export products (export balance). The final product is part of the total social product and is equal in value to national income plus depreciation. It reflects the final results of the entire national economy in a certain period of time and is the most important and basic indicator for measuring the level of economic development. The final product is also a basic concept in the input-output method. In practice, the final product is usually used as the starting point for economic planning, in order to enhance the purpose and scientificity of the plan, avoid production and marketing misalignment, make production meet the final needs of society, and maintain a reasonable proportional relationship between departments and coordinate development. .