What's it? Semi-finished goods are processed raw materials not for final consumption but as input for the production of other goods. We also call them intermediate goods. An example is aluminum alloy for making cars. Flour for making bread is another
Semi-Finished Goods
How to distinguish consumer goods, semi-finished goods, and raw materials
What it is: Capital goods are man-made items that are used to produce goods or provide services. In getting their benefits, there is no need for further processing. And, they also don't form a component of the output. Examples of capital goods