meaning of by products and intermediate products

[Asked by Guest]

Hi All,

Can anyone explain in detailed on difference between by-products and intermediate products with an example please?

AI Summary

By-product: unintended secondary product arising during manufacture; distinction from intermediate goods affects captive consumption and saleability.
By-product denotes a secondary product produced incidentally during manufacture of a principal article and is not the primary object of production. Intermediate goods are manufactured with an intended purpose-either to serve in the manufacture of a final product or to be sold as such-and their use within the same factory to make the final product is termed captive consumption.