Difference between revisions of "Intermediate marketable"
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| − | [[ | + | An [[intermediate marketable]] is a [[market exchangeable]] provided to other businesses at an intermediate stage of production, not for [[end-user]]s. [[Final marketable]]s are produced for consumption of [[end-user]]s; [[intermediate product]]s are outputs from one department for another department of the same organization. |
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| + | ==Definitions== | ||
According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
| − | :[[Intermediate goods and services]]. Output provided to other businesses at an intermediate stage of production, not for final users; contrast with "final goods and services." | + | :'''[[Intermediate goods and services]]'''. Output provided to other businesses at an intermediate stage of production, not for final users; contrast with "[[final goods and services]]." |
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[[Category: Economics]][[Category: Articles]] | [[Category: Economics]][[Category: Articles]] | ||
Latest revision as of 16:56, 5 May 2023
An intermediate marketable is a market exchangeable provided to other businesses at an intermediate stage of production, not for end-users. Final marketables are produced for consumption of end-users; intermediate products are outputs from one department for another department of the same organization.
Definitions
According to Principles of Economics by Timothy Taylor (3rd edition),
- Intermediate goods and services. Output provided to other businesses at an intermediate stage of production, not for final users; contrast with "final goods and services."
