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What is intermediate good?

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What is intermediate good?
  • 2 answers

Singh Rajput 5 years, 11 months ago

Goods that have not crossed boundary line of production and are not ready to use by their final users. Value is yet to be added to these goods. These goods are purchased by firm for resale or used as raw material.

Yogita Ingle 5 years, 11 months ago

An intermediate good is a product used to produce a final good or finished product. These goods 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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