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What is meant by Intermediate good? - Economics

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Question

What is meant by intermediate good?

Very Short Answer
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Solution

Intermediate goods, also known as intermediate products, are things that are used as inputs to produce additional goods during the same accounting year. 

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Chapter 18: National Income and Circular Flow of Income - TEST YOURSELF QUESTIONS [Page 362]

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Frank Economics [English] Class 12 ISC
Chapter 18 National Income and Circular Flow of Income
TEST YOURSELF QUESTIONS | Q 5. | Page 362
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