Question

Define the terms intermediate goods

Answer 1

An intermediate good is a product utilized to produce a final good or finished product. These goods are sold between industries for resale or for the production of other goods. One example of an intermediate good is salt, a product that is directly consumed and is also used to manufacture food products.

Answer 2

An intermediate goods is a product utilized to produce a final good or finished product. These goods are sold between industries for resale or for the production of other goods