What is intemmidete goods?
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Posted by David Rishi 5 years, 11 months ago
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Afreen Parween 5 years, 11 months ago
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Yogita Ingle 5 years, 11 months ago
Goods which are within the boundary line of production it value yet to be added and are unavailable for uses by their final users are called intermediate goods.
These goods are consumed by another firm and are used as intermediate goods in the production process or for further sale. For example, papers purchased by newspaper agency for printing news are intermediate goods.
Value of intermediate goods is merged with the value of final goods. Here the value of intermediate good is not included in the estimation of national income.
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