define an intermediate good
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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.
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- An intermediate good is a product used to produce a final good or finished product—also referred to as a consumer good.Intermediate goods are sold between industries for resale or the production of other goods.
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