What is Intermediate goods ?
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Posted by ☆°••(Prateek)••° ☆ 4 years, 7 months ago
- 4 answers
Vaibhav Chaudhary 4 years, 7 months ago
Yogita Ingle 4 years, 7 months ago
Intermediate goods are referred to as those goods that are used by businesses in 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 or it can be said that they act as inputs in other goods and constitute the final goods as an ingredient.
These goods are also called semi-finished goods. Intermediate goods can be used in three ways, which are
- Produced and used for self.
- Produce intermediate goods and sell them to other businesses.
- Purchased by companies for a specific use or for creating another intermediate product.
Mugdhaa Sarode 4 years, 7 months ago
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Pawan Kumari 4 years, 7 months ago
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