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producer goods |
Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson | 0.03 sec. |
producer goodsor capital goods or intermediate goodsGoods manufactured and used in further manufacturing, processing, or resale. Intermediate goods either become part of the final product or lose their distinct identity in the manufacturing stream, while capital goods are the plant, equipment, and inventories used to produce final products. The contribution of intermediate goods to a country's gross domestic product may be determined through the value-added method, which calculates the amount of value added to the final consumer good at each stage of production. This series of values is summed to estimate the total value of the final product. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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A Bloomberg News report also points out: "Costs of intermediate goods, those used in earlier stages of production, rose 1. The recent explosion of oil and other commodity prices, as well as those of intermediate goods such as steel or chemicals, has given the world a foretaste of things to come. Asian growth could ultimately boost prices of intermediate goods and global inflation above the low expectations priced into the bond markets. |
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