What is meant by intermediate goods explain with example 0 brainly?
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An intermediate goods is a product used to produce a final good or finished product. These good are sold between industries for resale or the production of other goods. One example of an intermediate good is salt, a product that is directly consumed but also used to manufacture food products.
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An intermediate goods is a product used to produce a final good or finished product. These good are sold between industries for resale or the production of other goods. One example of an intermediate good is salt, a product that is directly consumed but also used to manufacture food products.
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Intermediate goods refers to those goods which are used up in producing final goods and services . They are not ready for use by the consumers as some value has to be added to them .
For example :-
Farmer sells Wheat (Rs. 10/kg) → Miller sells Flour (Rs.12/kg) → Baker sells Bread (Rs. 15/packet) → Consumers .
Here , wheat and flour are intermediate goods .
The value of final goods already includes the value of all the intermediate goods that are used in making the final good .
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