what are intermediate goods explain with suitable examples
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- 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.
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Answer:
Intermediate goods, 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.
Explanation:
Ex. Sugar, steel, glass , wood etc..
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