what do you mean by inter mediate goods? give example?
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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.
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Intermediate goods are those goods which are used either for resale or for further production in the same year. Examples of intermediate goods is sugar is consumed directly as well as in the manufacture of food products .
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