Intermediate goods

prefLabel
  • intermediate goods
definition
  • Partly finished goods or products that re-enter into production elsewhere.
inScheme
broader
Abstract from DBPedia
    Intermediate goods, producer goods or semi-finished products are goods, such as partly finished goods, used as inputs in the production of other goods including final goods. A firm may make and then use intermediate goods, or make and then sell, or buy then use them. In the production process, intermediate goods either become part of the final product, or are changed beyond recognition in the process.This means intermediate goods are resold among industries. Intermediate goods are not counted in a country's GDP, as that would mean double counting, as the final product only should be counted, and the value of the intermediate good is included in the value of the final good. The value-added method can be used to calculate the amount of intermediate goods incorporated into GDP. This approach counts every phase of processing included in production of final goods. Characterization of intermediate goods as physical goods can be misleading, since, in advanced economies, about half of the value of intermediate inputs consist of services. Intermediate goods generally can be made and used in three different ways. First, a company can make and use its own intermediate goods. Second, a company can manufacture intermediate goods and sell them to others. Third, a company can buy intermediate goods to produce either secondary intermediate goods or final goods.

    中間財(ちゅうかんざい)英語:Intermediate goods とは経済学用語の一つ。これは経済学で財とされている事柄の一つであり、企業の生産過程において他の財の完成までの中間で使用される財のことである。 中間財を使用することによって、出来上がる最終形態の完成した財のことは最終財という。この場合には特定の財が中間財という風に決まるというわけではない。つまり同一の財であっても、使用状況によって中間財と最終財に分類されることを意味する。たとえば工場で製品を製造する場合に、ある財を材料として製造する場合にはその場合に使われた財は中間財という形になるものの、目標を果たしたため製造を止め残りのその材料である財は使用されずに、在庫という形で残るならばその残りは最終財という形になるわけである。最終財は消費財やとして消費者や企業の手に渡る。

    (Source: http://dbpedia.org/resource/Intermediate_good)