ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Intermediate goods are products that are used in the production process to make other goods, which are ultimately sold to consumers.

Detailed explanation-2: -Capital goods, unlike consumer goods, are used to produce other goods.

Detailed explanation-3: -Intermediate goods are referred to as goods that are used by businesses for producing goods or services. These goods are also known as producer goods. In other words, intermediate goods are used for producing final goods or consumer goods.

Detailed explanation-4: -Producer goods refer to the types of products used by producers in their production processes. They include capital goods (such as machinery, parts, and equipment), semi-finished products, and raw materials. Was this answer helpful?