What are intermediate goods?
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⎇ intermediate goods refer to those goods which are used either for resale ot for the production in the same year.
It includes :
i.) Goods purchased for resale.
ii.) goods used for further production.
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✳ANSWER✳
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Goods that are used as inputs or components in the production of goods called as Intermediate Goods.
Intermediate Goods are combined into the production of finished products. This is an essential part of most production activities.✔✔
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