Vahesaaduseks

Vahesaaduseks is an Estonian term that broadly translates to "intermediary product" or "intermediate good." It refers to goods that are not final products themselves but are used in the production of other goods or services. These are typically items that have undergone some processing but are not yet ready for consumption by the end-user.

In economic contexts, vahesaaduseks plays a crucial role in the supply chain. For example, flour is a vahesaaduseks if it is used to bake bread. The flour itself is not the final product for a consumer, but a necessary input for the baker. Similarly, raw materials that have been extracted and processed, such as lumber or steel, are considered vahesaaduseks until they are incorporated into a finished item like furniture or a car.

The distinction between final goods and vahesaaduseks is important for economic accounting, particularly when calculating Gross Domestic Product (GDP). Only final goods and services are counted in GDP to avoid double-counting. The value added at each stage of production for vahesaaduseks is what contributes to the overall GDP. Understanding vahesaaduseks helps economists analyze the structure of production, the flow of goods through the economy, and the interdependence of different industries. It is a fundamental concept in macroeconomics and industrial organization.