välituotekulutuksiin

Välituotekulutuksiin refers to the consumption of intermediate goods and services within an economy. Intermediate goods are products that are used as inputs in the production of other goods or services. For example, flour used by a bakery to make bread is an intermediate good. The flour itself is not the final product for the consumer, but a necessary component in its creation. Similarly, a marketing service hired by a manufacturing company to promote its products is an intermediate service.

The concept of intermediate consumption is crucial in national accounting, particularly in the calculation of Gross Domestic Product (GDP). GDP measures the total value of all final goods and services produced in an economy. To avoid double-counting, intermediate goods and services are excluded from the final GDP calculation. If the value of intermediate goods were included, the value of the final product would be counted multiple times at different stages of production.

Economists differentiate between intermediate consumption and final consumption. Final consumption represents the expenditure by households, governments, and non-profit institutions on goods and services that directly satisfy human wants or needs, or are used for the accumulation of capital. Intermediate consumption, on the other hand, is consumed in the process of producing other goods and services. The distinction is essential for understanding the structure of production and the flow of goods and services within an economy.