define intermediate goods ?
Answers
Answer:
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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intermediate good
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. See also intermediate product.
USAGE EXAMPLES
You should know how an intermediate good may affect your product and be able to quickly react to its release.
After all the hard work the factory put into planning the new product, the efficient production of the intermediate good commenced.
It was an intermediate good now because it was at the final process and that made everyone very happy because it took a long time.