Question

define intermediate consumption ​

Answer 1

Answer:

here is your answer

Explanation:

Intermediate consumption is a concept used in national accounts which refers to the value of all goods and services which is consumed as inputs in the process of production. These is the value of all such commodities which is either consumed fully in the production process or goes away with the final commodity.

Answer 2

Answer:

Intermediate consumption is an economic concept used in national accounts, such as the United Nations System of National Accounts, the US National Income and Product Accounts and the European System of Accounts.