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- Intermediate goods are products that are used in the production of other goods12345. They are not sold directly to consumers but are instead used by manufacturers in the production process4. Examples of intermediate goods include:
- Steel, which can be used in the construction of homes, cars, bridges, planes, and countless other products1.
- Wood, which is used to make flooring and furniture13.
- Glass, which is used in the production of windows and eyeglasses1.
- Precious metals like gold and silver, which are used to make decorations, housing fixtures, and jewelry1.
- Salt, which is included in the final product of many food and nonfood items2.
- Wheat, which is processed as part of another product, usually food or food-related goods2.
- Raw materials, components, parts, and sub-assemblies5.
Learn more:âś•This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Steel is an example of an intermediate good. It can be used in the construction of homes, cars, bridges, planes, and countless other products. Wood is used to make flooring and furniture, glass is used in the production of windows and eyeglasses, and precious metals like gold and silver are used to make decorations, housing fixtures, and jewelry.www.investopedia.com/terms/i/intermediate-good.aspSome examples of intermediate goods include:
- Salt: Salt is an intermediate good because companies include it in the final product of many food and nonfood items.
www.indeed.com/career-advice/career-developme…“ Products that are made during a manufacturing process but that are also used in the production of other goods. Wood, steel, and sugar are all examples of intermediate goods.”marketbusinessnews.com/financial-glossary/interm…The steel used to make the car’s body, the engine parts, and the tires are all examples of intermediate goods. These components are not sold directly to consumers but are instead used by the car manufacturer in the production process. Another example is the production of a loaf of bread.quickonomics.com/terms/intermediate-good/Intermediate goods or semi-finished products are primarily purchased by businesses to facilitate production. Typically, such goods are not purchased by individuals or households for direct consumption. Some examples are raw materials, components, parts, and sub-assemblies.www.wallstreetmojo.com/intermediate-good/ - People also ask
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WEBFeb 24, 2024 · Intermediate goods are materials, parts, components, subassemblies and partially finished products that are used as inputs for other goods and services. These aren't meant for final consumption and are sold to businesses to be used in other products.
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