Intermediate goods refer to those goods that are used as inputs in the production of final goods. These goods are used up in the production process and are not meant for resale to the end consumer. Let's break down the explanation into headings:

Definition of Intermediate Goods:
Intermediate goods can be defined as those goods that are used up in the production process of final goods but are not meant for resale to the end consumer. These goods are used as inputs in the production process of final goods.

Characteristics of Intermediate Goods:
Some of the characteristics of intermediate goods are:

- They are not meant for resale to the end consumer.
- They are used up in the production process of final goods.
- They are used as inputs in the production process.
- They are not included in the GDP calculation as they are not final goods.

Examples of Intermediate Goods:
Some examples of intermediate goods are:

- Raw materials like wood, steel, and plastic used to produce furniture.
- Flour, sugar, and cocoa used to produce chocolate.
- Cotton used to produce clothes.

Importance of Intermediate Goods:
Intermediate goods are important for the production of final goods. Without them, the production process would not be possible. They are used as inputs in the production process and help to create value-added products. The production of intermediate goods also generates employment opportunities and contributes to economic growth.

Conclusion:
Intermediate goods are goods that are used as inputs in the production process of final goods. They are not meant for resale to the end consumer and are used up in the production process. They are an important part of the production process and contribute to economic growth.