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Is taxi a intermediate or final good?

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Is taxi a intermediate or final good?

Reason: Car purchased by taxi operator is capital good because car is used in production of final services. It is also regarded as final good because it is purchased for personal use and not meant for resale.

What type of car is a taxi?

A taxi, also known as a cab or a taxicab, is a type of vehicle for hire with a driver, used by a single passenger or small group of passengers, often for a non-shared ride. A taxicab conveys passengers between locations of their choice.

Are intermediate cars good?

An automobile engine is an example of an intermediate good, and is used in the production of the final good, the assembled automobile.

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When would purchase of a car be treated as purchase of final good?

Explanation: If it is purchased by a household then it is a final good. It is a consumer durable good. If it is purchase by a taxi operator, then again it is a final good, as it is to be finally used by the producer as a fixed asset.

When car is purchased for hire a taxi service it is consumer good?

(a) A car used as a taxi : It is a capital good because it is used for producing services for generating income .

Is car used as a taxi capital good?

A car used as a taxi: It Is a capital good because it is used for producing services for generating income. Whereas Final Consumption refers to the expenditure on goods and services meant for final consumption and investment.

Which car is best for taxi?

Best Cars to Buy For Taxi Services in India

  • Maruti Suzuki Dzire. Customers hiring a taxi often go for a sedan.
  • Mahindra Marazzo. Are you thinking of long trips?
  • Toyota Innova.
  • Maruti Suzuki Wagon R.
  • Maruti Suzuki Ertiga.
  • Honda Amaze.
  • Maruti Suzuki Swift.
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What is the most popular taxi car?

The Most Popular Cars for Taxi Drivers Today

  • Honda Accord. Available with petrol or diesel engines, the Accord is favoured by many drivers for its versatility.
  • Vauxhall Astra.
  • Toyota Avensis.
  • Skoda Octavia.
  • Volkswagen Passat.
  • Toyota Prius.

Can a purchase of a new car be categorized as an intermediate good?

True: Purchase of a new car can be categorized as an intermediate good, if purchased by a Government for military use or if it is purchased by a car dealer for resale.

Can a purchase of new car be Categorised as an intermediate good?

Yes , purchase of a new car can be categorized as an intermediate good if it is purchased by a car dealer for resale. Yes , purchase of a new car can be categorized as an intermediate good if it is purchased by a car dealer for resale.

Can purchase of a car be Categorised as an intermediate good?

However, if the car is purchased by a retail dealer from the factory for the purpose of resale, it is to be treated as an intermediate good. Q3. Q4. Can purchase of a new car be categorised as an intermediate good?

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Can purchase of new car be Categorised as intermediate goods?

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