Intermediate Good - Explained
What is an Intermediate Good?
Written by J. Mance Gordon
Updated at April 21st, 2024
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What is an Intermediate Good?
Intermediate goods refer to items or materials that are final products, but they can be used to process other consumer goods. Intermediate goods can be resold to manufacturers so that they can use them to produce other goods. A good example is sugar. It is a final product that you can consume directly, and at the same time, manufacturers can use it to process other food products. Another term for intermediate goods is semi-finished or producer goods.