What kind of goods are used in the production of final goods?

intermediate goods

nondurable goods

durable goods

1 answer

The correct term for goods that are used in the production of final goods is intermediate goods.

Intermediate goods are products that are not final consumer products but are used as inputs in the production of other goods. For example, steel used to make cars or flour used to make bread are both considered intermediate goods.

In contrast:

  • Nondurable goods are products that are consumed or used up quickly, such as food or toiletries.
  • Durable goods are items that last for a longer period, such as appliances or vehicles.

So, the answer to your question is intermediate goods.

Similar Questions
  1. What are intermediate goods?goods that are not sold or exchanged in an economy goods that are produced outside the country goods
    1. answers icon 1 answer
  2. Which of the following statements about consumer goods is correct?A. Consumer goods must not be free-of-charge. B. Consumer
    1. answers icon 1 answer
    1. answers icon 5 answers
    1. answers icon 3 answers
more similar questions