Same as intermediate input.
a good that undergoes further processing before it is sold to consumers.
a good that is used as an input in the production of final goods and services
A good that is used to produce other goods and ser- vices.
Intermediate goods or producer goods are goods used as inputs in the production of other goods, such as partly finished goods or raw materials. A firm may make then use intermediate goods, or make 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.