intermediate product definition

intermediate product

Finished product traded usually among producers or suppliers, and not between them and the end users. Timber and steel rods are intermediate products because they are sold by the timber merchant or the steel dealer to the builder who uses them to produce the final product - a house or a building. See also intermediate good.

intermediate product is in the Economics, Politics, & Society and Industries, Manufacturing, & Technology subjects.

intermediate product appears in the definition of the following term: intermediate good

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