Knowledge (XXG)

Intermediate good

Source 📝

80: 229: 798: 31: 101:
Intermediate goods generally can be made and used in three different ways. First, a company can make and use its own intermediate goods. Second, a company can manufacture intermediate goods and sell them to others. Third, a company can buy intermediate goods to produce either secondary intermediate
65:. A firm may make and then use intermediate goods, or make and then sell, or buy then use them. In the production process, intermediate goods either become part of the final product, or are changed beyond recognition in the process. This means intermediate goods are resold among industries. 208:. The chlorine is removed as chloride salt waste. The diisocyanate reacts with a diol to produce polyurethane, which contains no chlorine. Chlorine is used because chlorine is electronegative enough to produce an 79: 91:
method can be used to calculate the amount of intermediate goods incorporated into GDP. This approach counts every phase of processing included in production of final goods.
94:
Characterization of intermediate goods as physical goods can be misleading, since, in advanced economies, about half of the value of intermediate inputs consist of
114:– sugar is used as a final good (when it is sold as sugar in the supermarket) or as an input (when it is used as an ingredient in other food products) 839: 572: 531: 497: 464: 430: 396: 362: 328: 868: 287: 76:, as the final product only should be counted, and the value of the intermediate good is included in the value of the final good. 267: 126:- Some firms make and use their own, others buy them from other producers as an intermediate good, for use in their own cars. 863: 234: 832: 565: 303: 73: 858: 123: 242: 825: 748: 608: 558: 69: 613: 753: 184:, which contains no chlorine. Rock salt is electrolyzed to produce chlorine, which is reacted with 95: 675: 618: 297: 279: 626: 527: 521: 493: 460: 454: 426: 392: 358: 352: 324: 318: 283: 201: 35: 809: 487: 420: 386: 685: 271: 58: 139:- wood is used in multiple purposes for construction of building or production of furniture 61:, such as partly finished goods, used as inputs in the production of other goods including 741: 690: 660: 646: 622: 593: 185: 724: 670: 631: 247: 166: 852: 767: 757: 731: 680: 636: 272: 17: 736: 714: 709: 700: 641: 598: 213: 197: 181: 777: 762: 719: 665: 88: 39: 705: 651: 224: 209: 62: 772: 656: 603: 38:
is an example of an intermediate good, and is used in the production of the
228: 120:– a material used in the production of many other goods, such as vehicles. 805: 189: 177: 278:. Upper Saddle River, New Jersey 07458: Pearson Prentice Hall. pp.  151:- salt is used in almost all food production and many chemical processes 797: 193: 162: 130: 154: 582: 142: 117: 111: 78: 29: 550: 83:
U.S. and Chinese Trade in Goods with ASEAN Countries by Use, 2014
170: 158: 148: 136: 554: 30: 145:- glass can be used to make dishes, cups, bottles or windows 212:, but does not become a part of the product; it lowers the 813: 422:
Economic Activities Under the Japanese Colonial Empire
68:Intermediate goods are not counted in a country's 161:- silver and gold can be used to make jewelry, 833: 566: 453:John Cunningham Wood; Michael McLure (2005). 323:. Tata McGraw-Hill Education. pp. 439–. 8: 492:. Pearson South Africa. 2008. pp. 26–. 840: 826: 573: 559: 551: 320:The Investor's Guide to Technical Analysis 459:. Taylor & Francis. pp. 351–. 391:. PHI Learning Pvt. Ltd. pp. 27–. 259: 192:. Phosgene, a chlorine compound, and a 295: 526:. Rex Bookstore, Inc. pp. 148–. 176:An interesting example is the use of 133:, pipe and tube, and ancillary parts. 7: 794: 792: 357:. Cengage Learning. pp. 219–. 317:C. Colburn Hardy (1 January 1978). 812:. You can help Knowledge (XXG) by 25: 351:Irvin Tucker (25 February 2008). 796: 227: 27:Goods used to create other goods 274:Economics: Principles in Action 270:; Sheffrin, Steven M. (2003). 196:are then reacted to produce a 1: 520:Feliciano R. Fajardo (1995). 235:Business and economics portal 419:Minoru Sawai (27 May 2016). 489:FCS Economic Environment L3 42:, the assembled automobile. 885: 869:Economic terminology stubs 791: 425:. Springer. pp. 35–. 589: 302:: CS1 maint: location ( 243:Intermediate consumption 647:(Post-)experience goods 523:economics third edition 385:Chandana Ghosh (2011). 165:or electronics, or for 758:(Non-)excludable goods 102:goods or final goods. 84: 55:semi-finished products 43: 754:(Non-)rivalrous goods 180:in the production of 82: 72:, as that would mean 33: 864:Production economics 614:Common-pool resource 204:that is neutralized 18:Intermediate product 676:Global public goods 642:(Non-)durable goods 619:Complementary goods 354:Survey of Economics 859:Manufactured goods 808:term article is a 696:Intermediate goods 268:O'Sullivan, Arthur 85: 47:Intermediate goods 44: 821: 820: 786: 785: 686:Information goods 627:Independent goods 533:978-971-23-1794-1 499:978-1-77025-087-1 466:978-0-415-31063-5 456:Paul A. Samuelson 432:978-4-431-55927-6 398:978-81-203-4306-1 364:978-0-324-57961-1 330:978-0-07-026365-9 202:hydrochloric acid 36:automobile engine 16:(Redirected from 876: 842: 835: 828: 800: 793: 691:Intangible goods 661:Positional goods 623:Substitute goods 594:Anti-rival goods 575: 568: 561: 552: 545: 544: 542: 540: 517: 511: 510: 508: 506: 484: 478: 477: 475: 473: 450: 444: 443: 441: 439: 416: 410: 409: 407: 405: 382: 376: 375: 373: 371: 348: 342: 341: 339: 337: 314: 308: 307: 301: 293: 277: 264: 237: 232: 231: 21: 884: 883: 879: 878: 877: 875: 874: 873: 849: 848: 847: 846: 789: 787: 782: 742:Household goods 725:Necessity goods 632:Composite goods 585: 579: 549: 548: 538: 536: 534: 519: 518: 514: 504: 502: 500: 486: 485: 481: 471: 469: 467: 452: 451: 447: 437: 435: 433: 418: 417: 413: 403: 401: 399: 384: 383: 379: 369: 367: 365: 350: 349: 345: 335: 333: 331: 316: 315: 311: 294: 290: 266: 265: 261: 256: 233: 226: 223: 186:carbon monoxide 108: 74:double counting 28: 23: 22: 15: 12: 11: 5: 882: 880: 872: 871: 866: 861: 851: 850: 845: 844: 837: 830: 822: 819: 818: 801: 784: 783: 781: 780: 775: 770: 768:Superior goods 765: 760: 751: 746: 745: 744: 734: 732:Ordinary goods 729: 728: 727: 717: 712: 703: 698: 693: 688: 683: 681:Inferior goods 678: 673: 671:Global commons 668: 663: 654: 649: 644: 639: 637:Credence goods 634: 629: 616: 611: 606: 601: 596: 590: 587: 586: 580: 578: 577: 570: 563: 555: 547: 546: 532: 512: 498: 479: 465: 445: 431: 411: 397: 388:Macroeconomics 377: 363: 343: 329: 309: 288: 258: 257: 255: 252: 251: 250: 248:Prefabrication 245: 239: 238: 222: 219: 218: 217: 174: 152: 146: 140: 134: 127: 121: 115: 107: 104: 51:producer goods 26: 24: 14: 13: 10: 9: 6: 4: 3: 2: 881: 870: 867: 865: 862: 860: 857: 856: 854: 843: 838: 836: 831: 829: 824: 823: 817: 815: 811: 807: 802: 799: 795: 790: 779: 776: 774: 771: 769: 766: 764: 761: 759: 755: 752: 750: 747: 743: 740: 739: 738: 737:Private goods 735: 733: 730: 726: 723: 722: 721: 718: 716: 715:Neutral goods 713: 711: 710:demerit goods 707: 704: 702: 699: 697: 694: 692: 689: 687: 684: 682: 679: 677: 674: 672: 669: 667: 664: 662: 658: 655: 653: 650: 648: 645: 643: 640: 638: 635: 633: 630: 628: 624: 620: 617: 615: 612: 610: 607: 605: 602: 600: 599:Capital goods 597: 595: 592: 591: 588: 584: 576: 571: 569: 564: 562: 557: 556: 553: 535: 529: 525: 524: 516: 513: 501: 495: 491: 490: 483: 480: 468: 462: 458: 457: 449: 446: 434: 428: 424: 423: 415: 412: 400: 394: 390: 389: 381: 378: 366: 360: 356: 355: 347: 344: 332: 326: 322: 321: 313: 310: 305: 299: 291: 289:0-13-063085-3 285: 281: 276: 275: 269: 263: 260: 253: 249: 246: 244: 241: 240: 236: 230: 225: 220: 215: 211: 207: 203: 199: 195: 191: 187: 183: 179: 175: 172: 168: 167:ornamentation 164: 160: 156: 153: 150: 147: 144: 141: 138: 135: 132: 128: 125: 122: 119: 116: 113: 110: 109: 105: 103: 99: 97: 92: 90: 81: 77: 75: 71: 66: 64: 60: 56: 52: 48: 41: 37: 32: 19: 814:expanding it 803: 788: 778:Veblen goods 763:Search goods 749:Public goods 720:Normal goods 701:Luxury goods 695: 666:Giffen goods 609:Common goods 537:. Retrieved 522: 515: 503:. Retrieved 488: 482: 470:. Retrieved 455: 448: 436:. Retrieved 421: 414: 402:. Retrieved 387: 380: 368:. Retrieved 353: 346: 334:. Retrieved 319: 312: 273: 262: 214:atom economy 205: 198:diisocyanate 182:polyurethane 100: 93: 86: 67: 54: 50: 46: 45: 706:Merit goods 652:Final goods 124:Car engines 89:value-added 63:final goods 853:Categories 773:Used goods 657:Free goods 604:Club goods 254:References 210:isocyanate 40:final good 581:Types of 539:14 August 505:14 August 472:14 August 438:14 August 404:14 August 370:14 August 336:14 August 298:cite book 806:economic 221:See also 190:phosgene 188:to give 178:chlorine 106:Examples 96:services 206:in situ 194:diamine 171:on food 163:cutlery 131:plywood 129:Paint, 530:  496:  463:  429:  395:  361:  327:  286:  169:(even 155:silver 804:This 583:goods 143:glass 118:Steel 112:Sugar 59:goods 810:stub 756:and 708:and 659:vs. 625:vs. 621:vs. 541:2017 528:ISBN 507:2017 494:ISBN 474:2017 461:ISBN 440:2017 427:ISBN 406:2017 393:ISBN 372:2017 359:ISBN 338:2017 325:ISBN 304:link 284:ISBN 200:and 159:gold 157:and 149:salt 137:wood 87:The 57:are 280:301 70:GDP 53:or 34:An 855:: 300:}} 296:{{ 282:. 98:. 49:, 841:e 834:t 827:v 816:. 574:e 567:t 560:v 543:. 509:. 476:. 442:. 408:. 374:. 340:. 306:) 292:. 216:. 173:) 20:)

Index

Intermediate product

automobile engine
final good
goods
final goods
GDP
double counting

value-added
services
Sugar
Steel
Car engines
plywood
wood
glass
salt
silver
gold
cutlery
ornamentation
on food
chlorine
polyurethane
carbon monoxide
phosgene
diamine
diisocyanate
hydrochloric acid

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.