A(n) intermediate good or service is used to build or make another product that will be subsequently sold.
What is intermediate goods?
- Products used as inputs in the creation of other goods, including final goods, are referred to as intermediate goods, producer goods, or semi-finished products.
- A company can produce intermediate items, sell them, or purchase them to utilize later.
- They are not ready for use in the sense that the intermediate items still need to have some value added to them.
- They remain inside the production window. For instance, coal is used in the plant to produce more goods.
- The following are some instances of intermediate goods: Because it is a component of many foods and non-food items, salt is regarded as an intermediate good.
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