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Final Goods and Intermediate Goods

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❶This approach counts every phase of processing included in production of final goods.

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What is an 'Intermediate Good'

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What is an 'Intermediate Good' An intermediate good is a product used to produce a final good or finished product. These goods are sold between industries for resale or the production of other.

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Term intermediate good Definition: A good (or service) that is used as an input or component in the production of another good. Intermediate goods are combined into the production of finished products, or what are termed final goods. Intermediate goods will be further processed before sold as final goods.

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Intermediate good. Intermediate goods or producer goods or semi-finished products are goods, such as partly finished goods, used as inputs in the production of other goods including final goods. A firm may make and then use intermediate goods, or make and then sell, or buy then use them. Many goods can be both consumer goods and intermediate goods. You determine whether a good is a consumer good or an intermediate good based upon how it is used.

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Term intermediate goods and services Definition: Goods and services that are used as inputs or components in the production of other nejigowejiri.gaediate goods are combined into the production of finished products, or what are termed final goods. Intermediate goods will be further processed before sold as final goods. Material or item that is a final-product of a process, but is also used as an input in the production process of some other good. For example, sugar is consumed directly as well as in the manufacture of food products. See also intermediate product.