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Middle product |
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Middle productA good that has undergone some processing and that requires further processing before going to final consumers; an intermediate good. Sanyal and Jones (1982) introduced the term, observing that almost all international trade is of middle products, and they provided a model based on that assumption.Similar MatchesProduction flow commitmentProduction flow commitmentAn agreement by the loan purchaser to allow a monthly loan quota to be delivered in batches. Production possibilities scheduleProduction possibilities scheduleThe maximum amount of goods (i.e., food and clothing) that a country is able to produce given its labor supply. Production functionProduction functionA function that specifies the output in an industry for all combinations of inputs. Production rateProduction rateThe coupon rate at which a pass-through security guaranteed by Ginnie Mae is issued. Differentiated productDifferentiated product1. A firm's product that is not identical to products of other firms in the same industry. Contrasts with homogeneous product. 2. Sometimes applied to products produced by a country, even though there are many firms within the country whose products are the same, if buyers distinguish products based on country of origin. This is called the Armington assumption. Further SuggestionsGross domestic productMarginal product gross national product Marginal revenue product Labor productivity Neoclassical production function Homogeneous product Production externality Product differentiation Multistage production Factor of production Investment product line (IPL) Product life cycle Production possibility curve Productivity Total factor productivity Edgeworth Production Box Gross domestic product (GDP) Product cycle Net national product Productivity Marginal value product Average product gross domestic product Product cycle |
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