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  2. Dictionary

    raw ma·te·ri·al
    [ˌrô məˈtirēəl]
    noun
    raw material (noun) · raw materials (plural noun)
    1. the basic material from which a product is made:
      "these could be used as raw material" · "the raw material of creativity" · "the cost of raw materials and labor"
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    What are raw materials?Raw materials are materials or substances used in the primary production or manufacturing of goods. They are commodities that are bought and sold on commodities exchanges worldwide. Businesses buy and sell raw materials in the factor market because they are factors of production.
    What are direct raw materials?Direct raw materials are materials that companies directly use in the manufacturing of a finished product, such as wood for a chair. They are classified as current assets and are expensed on the income statement within cost of goods sold.
    What is the difference between raw material and secondary raw material?The term raw material denotes materials in unprocessed or minimally processed states such as raw latex, crude oil, cotton, coal, raw biomass, iron ore, plastic, air, logs, and water. The term secondary raw material denotes waste material which has been recycled and injected back into use as productive material.
    en.wikipedia.org
    Is water considered a raw material?Yes, water can be considered a raw material that is used in a wide range of products and production processes, from beverages to agriculture to industrial uses. In many cases, raw materials, including water, are a type of inventory.
     
  4. Raw material Definition & Meaning - Merriam-Webster

     
  5. RAW MATERIAL | English meaning - Cambridge Dictionary

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    WEBSep 30, 2023 · Raw materials are the input goods or inventory that a company needs to manufacture its products. They can be direct or indirect, and they can be classified by their nature, such as mined, plant …

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