Question

Awhat are the intermdiate goods? give examples?

Answer 1

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• Intermediate goods are the goods produced between the initial goods and the final goods. For example, To make biscuits the initial good / raw material is wheat , from which flour is produced which is then used in the manufacture of biscuits

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Answer 2

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Material or item that is a final-product of a process, but is also used as an input in the production process of some other good.

For example, sugar is consumed directly as well as in the manufacture of food products.

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