Difference between revisions of "Intermediate marketable"
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| − | An [[intermediate marketable]] is an output provided to other businesses at an intermediate stage of production, not for | + | An [[intermediate marketable]] is an output 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. |
Revision as of 10:59, 9 December 2020
An intermediate marketable is an output 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."
