What do you mean by intermediate goods?
Answers
Answer: An intermediate good is a product used to produce a final good or finished product—also referred to as a consumer good. Intermediate goods—like salt—can also be finished products, since it is consumed directly by consumers and used by producers to manufacture other food products.
Intermediate goods are sold between industries for resale or the production of other goods. These goods are also called semi-finished products because they are used as inputs to become part of the finished product.
Answer:
Intermediate goods are referred to as goods that are used by businesses for producing goods or services. These goods are also known as producer goods. In other words, intermediate goods are used for producing final goods or consumer goods.