what are intermediate goods?
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Intermediate goods or 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 consumer good. These goods are also known as semi-finished goods because they are used as inputs to become part of the finished product. For eg-: salt.
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