In economic terms, what do we mean by ‘Intermediate Goods’?

Options

A. Goods sold between industries for resale or production of other goods.
B. Goods in transit before reaching the consumers.
C. Price of goods without GST
D. Fixed assets used by manufacturers.

Answer

A

Explanation

Goods sold between industries for resale or production of others Explanation:Intermediate goods, producer goods or semi-finished products are goods, which are partly finished goods, and are used for the production of the other good which eventually makes the final product For ex. If a mobile is to be exported then it’s battery is an intermediate good.