An intermediate good is a good that is used in the production process that creates another good, which can be a finished product or even another intermediate good.
Judith Ward and family say it is “infamous” that the impact of family childcare does not count statistically for GDP (“Demography’s silver lining”, Letters, March 4).
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In defence of GDP, the much-maligned measure of growth

GDP doesn’t measure what we should care about, say critics. Is that true?
If the Reserve Bank was a doctor, it would probably say the Australian economy is still a bit sick with sluggish movement and ...
The UN Sustainable Development Goals represent a carefully-crafted road map for future human and planetary prosperity.
Self-interest describes actions that are intended to result in personal gain. It comes with both pros and cons.
A growing movement is reshaping how people work and live together. Our new column highlights these practices—and explains why they matter.
Trump’s 2026 State of the Union speech was historic—but only in the sense of the longest ever at 1 hour and 47 minutes. Apart ...
Across the three hill districts of Bandarban, Rangamati, and Khagrachhari, women are the visible driving force of local commerce ...
Different institutions use “purple economy” in different ways, sometimes to speak broadly about care and social ...
Despite robust economic expansion and soaring returns for American investors, a leading economist has highlighted a concerning “paradox” developing within the U.S. economy. In a recent interview with ...
The conflict raging in the Middle East will test the resilience of a global economy that has already contended with wars and trade disruptions over the past year.