Intermediary Goods

Intermediary Goods

Intermediary Goods

oboloo’s Glossary

Intermediary goods, also known as intermediate goods or producer goods, are items that are used in the production of a final product. They don’t become part of the final product, but they play a critical role in the process. Examples include raw materials, parts and components, and manufacturing tools. In other words, intermediary goods help companies turn raw materials into finished products. By understanding the importance of intermediary goods, businesses can make smarter decisions about their production processes and create better-quality products for their customers.