intermediate goods

Definition

Raw materials, such as steel, which will be transformed into another form.

Use intermediate goods in a sentence

The intermediate goods were used in the production process to create the final product which used hundreds of different parts.

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The car manufacturer had to increase the amount of their products when the price of several Intermediate goods became expensive following the flood.

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In foundry production, the iron ore is one of the intermediate goods used in gray iron because it is a raw material used in production of the final product.

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