In economics Final goods are goods that are ultimately consumed rather than used in the production of another good. For example, a car sold to a consumer is a final good; the components such as tires sold to the car manufacturer are not; they are intermediate goods used to make the final good. Economics (deriving from the Greek words οίκω [okos], house, and νέμω [nemo], rules hence household management) is the social science that studies the allocation of scarce resources to satisfy unlimited wants. ... A good in economics is any physical object (natural or man-made) or service that, upon consumption, increases utility, and therefore can be sold at a price in a market. ... Intermediate goods or producer goods are goods used as inputs in the production of other goods, such as partly finished goods or raw materials. ...

When used in measures of national income and output the term Final goods only includes new goods. For instance, the GDP excludes items counted in an earlier year to prevent double counting of production based on resales of the same item second and third hand. Measures of national income and output are used in economics to estimate the value of goods and services produced in an economy. ...

Consumer goods are exactly the same as final goods, but with the subtle difference that they are specifically intended for the mass market. For instance, consumer goods do not include investment assets, like precious antiques, even though these items are final goods. Mass-marketing is the process of widely marketing a mass-produced item. ... In business and accounting an asset is anything owned, whether in possession or by right to take possession, by a person or a group acting together, e. ... Antique can stand for any of several things: An antique is an object, often furniture or any other domestic item, that is highly valued because of its age, or because it belongs to a specific time period. ...