What are goods called that are used in the production of final products?

The term that accurately describes goods used in the production of final products is "intermediate goods." These goods are not final consumer products; rather, they are utilized in the manufacturing process to create finished products that can then be sold to consumers. For instance, if a company produces furniture, the wood, screws, and varnish it uses are considered intermediate goods because they are essential components of the final product but are not sold directly to the end consumer.

In contrast, durable goods are items that have a long lifespan, like appliances or vehicles, and nondurable goods are those that are consumed quickly, such as food or paper products. Household production refers to the unpaid activity carried out within a household, like cooking or cleaning, and does not pertain to goods used in production. Therefore, intermediate goods are the correct classification for items that serve as inputs for creating final finished products.