Intermediate marketable

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An intermediate marketable is a marketable 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."