Question

10. What are intermediate goods?​

Answer 1

Answer:

Intermediate goods, producer goods or semi-finished products are goods, such as partly finished goods, used as inputs in the production of other goods including final goods. A firm may make and then use intermediate goods, or make and then sell, or buy then use them.

Answer 2

Answer:

Intermediate goods are referred to as those goods that are used by businesses in producing goods or services. These goods are also known as producer goods.

In other words, intermediate goods are used for producing final goods or consumer goods or it can be said that they act as inputs in other goods and constitute the final goods as an ingredient.

A little more information:-

Points on intermediate goods

These are purchased by one production unit from another production unit. These goods stay within the production boundary.

These goods have derived demand as their demand depends on the demand for the final goods.

The value of these goods is added with the value of the final goods