Intermediate good - Wikipedia

Intermediate goods, producer goods or semi-finished products are goods, such as partly finished goods, used as inputs in the production of other goods ... Intermediategood FromWikipedia,thefreeencyclopedia Jumptonavigation Jumptosearch Goodsusedtocreateothergoods Anautomobileengineisanexampleofanintermediategood,andisusedintheproductionofthefinalgood,theassembledautomobile. Intermediategoods,producergoodsorsemi-finishedproductsaregoods,suchaspartlyfinishedgoods,usedasinputsintheproductionofothergoodsincludingfinalgoods.[1]Afirmmaymakeandthenuseintermediategoods,ormakeandthensell,orbuythenusethem.Intheproductionprocess,intermediategoodseitherbecomepartofthefinalproduct,orarechangedbeyondrecognitionintheprocess.[2] Thismeansintermediategoodsareresoldamongindustries. Intermediategoodsarenotcountedinacountry'sGDP,asthatwouldmeandoublecounting,asthefinalproductonlyshouldbecounted,andthevalueoftheintermediategoodisincludedinthevalueofthefinalgood.[3] U.S.andChineseTradeinGoodswithASEANCountriesbyUse,2014 Thevalue-addedmethodcanbeusedtocalculatetheamountofintermediategoodsincorporatedintoGDP.Thisapproachcountseveryphaseofprocessingincludedinproductionoffinalgoods. Characterizationofintermediategoodsasphysicalgoodscanbemisleading,since,inadvancedeconomies,abouthalfofthevalueofintermediateinputsconsistofservices.[4] Intermediategoodsgenerallycanbemadeandusedinthreedifferentways.First,acompanycanmakeanduseitsownintermediategoods.Second,acompanycanmanufactureintermediategoodsandsellthemtoothers.Third,acompanycanbuyintermediategoodstoproduceeithersecondaryintermediategoodsorfinalgoods. Examples[edit] Sugar–sugarisusedasafinalgood(whenitissoldassugarinthesupermarket)orasaninput(whenitisusedasaningredientinotherfoodproducts)[5] Steel–arawmaterialusedintheproductionofmanyothergoods,suchasbicycles.[6] Carengines-Somefirmsmakeandusetheirown,othersbuythemfromotherproducersasanintermediategood,thenusethemintheirowncars.[7] Paint,plywood,pipeandtube,andancillaryparts.[8] wood-woodisusedinmultiplepurposesforconstructionofbuildingorproductionoffurniture glass-glasscanbeusedtomakedishes,cups,bottlesorwindows salt-saltisusedinalmostallfoodproduction silverandgold-silverandgoldcanbeusedtomakejewelry,cutleryorelectronics,orforornamentation(evenonfood) Aninterestingexampleistheuseofchlorineintheproductionofpolyurethane,whichcontainsnochlorine.Rocksaltiselectrolyzedtoproducechlorine,whichisreactedwithcarbonmonoxidetogivephosgene.Phosgene,achlorinecompound,andadiaminearethenreactedtoproduceadiisocyanateandhydrochloricacidthatisneutralizedinsitu.Thechlorineisremovedaschloridesaltwaste.Thediisocyanatereactswithadioltoproducepolyurethane,whichcontainsnochlorine.Chlorineisusedbecausechlorineiselectronegativeenoughtoproduceanisocyanate,butdoesnotbecomeapartoftheproduct;itlowerstheatomeconomy. Seealso[edit] Businessandeconomicsportal Intermediateconsumption Prefabrication References[edit] ^O'Sullivan,Arthur;Sheffrin,StevenM.(2003).Economics:PrinciplesinAction.UpperSaddleRiver,NewJersey07458:PearsonPrenticeHall.pp. 301.ISBN 0-13-063085-3.{{citebook}}:CS1maint:location(link) ^C.ColburnHardy(1January1978).TheInvestor'sGuidetoTechnicalAnalysis.TataMcGraw-HillEducation.pp. 439–.ISBN 978-0-07-026365-9.Retrieved14August2017. ^IrvinTucker(25February2008).SurveyofEconomics.CengageLearning.pp. 219–.ISBN 978-0-324-57961-1.Retrieved14August2017. ^ChandanaGhosh(2011).Macroeconomics.PHILearningPvt.Ltd.pp. 27–.ISBN 978-81-203-4306-1.Retrieved14August2017. ^MinoruSawai(27May2016).EconomicActivitiesUndertheJapaneseColonialEmpire.Springer.pp. 35–.ISBN 978-4-431-55927-6.Retrieved14August2017. ^JohnCunninghamWood;MichaelMcLure(2005).PaulA.Samuelson.Taylor&Francis.pp. 351–.ISBN 978-0-415-31063-5.Retrieved14August2017. ^FCSEconomicEnvironmentL3.PearsonSouthAfrica.2008.pp. 26–.ISBN 978-1-77025-087-1.Retrieved14August2017. ^FelicianoR.Fajardo(1995).economicsthirdedition.RexBookstore,Inc.pp. 148–.ISBN 978-971-23-1794-1.Retrieved14August2017. vteTypesofgoods Anti-rivalgoods Capitalgoods Clubgoods Commongoods Common-poolresource Complementarygoodsvs.Substitutegoodsvs.Independentgoods Compositegoods Credencegoods (Non-)durablegoods (Post-)experiencegoods Finalgoods Freegoodsvs.Positionalgoods Giffengoods Globalcommons Globalpublicgoods Inferiorgoods Informationgoods Intangiblegoods Intermediategoods Luxurygoods Meritgoodsanddemeritgoods Neutralgoods Normalgoods Necessitygoods Ordinarygoods Privategoods Householdgoods Publicgoods (Non-)rivalrousgoodsand(Non-)excludablegoods Searchgoods Superiorgoods Usedgoods Veblengoods Authoritycontrol:Nationallibraries Germany Thiseconomictermarticleisastub.YoucanhelpWikipediabyexpandingit.vte Retrievedfrom"https://en.wikipedia.org/w/index.php?title=Intermediate_good&oldid=1088660503" Categories:ManufacturedgoodsProductioneconomicsEconomicterminologystubsHiddencategories:CS1maint:locationArticleswithshortdescriptionShortdescriptionisdifferentfromWikidataArticleswithGNDidentifiersAllstubarticles Navigationmenu Personaltools NotloggedinTalkContributionsCreateaccountLogin Namespaces ArticleTalk English Views ReadEditViewhistory More Search Navigation MainpageContentsCurrenteventsRandomarticleAboutWikipediaContactusDonate Contribute HelpLearntoeditCommunityportalRecentchangesUploadfile Tools WhatlinkshereRelatedchangesUploadfileSpecialpagesPermanentlinkPageinformationCitethispageWikidataitem Print/export DownloadasPDFPrintableversion Inotherprojects WikimediaCommons Languages АԥсшәаAsturianuČeštinaDanskDeutschEspañolEsperantoEuskaraFrançais한국어BahasaIndonesiaItalianoNederlands日本語PolskiPortuguêsRomânăРусскийSlovenčinaSlovenščinaSuomiSvenskaTürkçe Editlinks