Intermediate example sentences

Purchase and sale of goods and services in large quantities, for the purpose of resale or intermediate use is referred to as wholesale trade.The part of raw material which gets used up is categorised as an intermediate good.Bryophytes and pteridophytes, interestingly, exhibit an intermediate condition (Haplo-diplontic); both phases are multicellular and often free-living.Note that 'investment goods' (such as machines) are also part of the final goods – they are not intermediate goods like raw materials.The value of final goods already includes the value of all the intermediate goods that are used in making the final good.Since money acts as an intermediate in the exchange process, it is called a medium of exchange.The Rs 50 worth of wheat which the bakers buy from the farmers counts as intermediate goods, hence it does not fall under the category of final expenditure.We have seen that the raw materials that a firm buys from another firm which are completely used up in the process of production are called 'intermediate goods'.As discussed in the previous section, wholesale trade refers to buying and selling of goods and services in large quantities for the purpose of resale or intermediate use.But why are we to measure final goods only? Surely intermediate goods are crucial inputs to any production process and a significant part of our manpower and capital stock are engaged in production of these goods.Observe that unlike the expenditure on intermediate goods which is not included in the calculation of GDP, expenditure on investments is included.The total value of annual transactions in an economy includes transactions in all intermediate goods and services and is clearly much greater than the nominal GDP.Thus, to smoothen the transaction, an intermediate good is necessary which is acceptable to both parties.Or the bakers may be selling the bread to a restaurant whose value added will have to be calculated by subtracting the value of intermediate goods (bread in this case).Light reactions or the 'Photochemical' phase include light absorption, water splitting, oxygen release, and the formation of high-energy chemical intermediates, ATP and NADPH.