value-added goods

Definitions

Products that have been processed or enhanced in a way that increases their market price beyond the cost of the raw materials.

Goods that have undergone a transformation process to provide additional utility, quality, or features to the consumer.

Examples

The country is shifting its economic strategy from exporting raw materials to producing more value-added goods.

By processing agricultural products locally, the company can sell value-added goods at a significantly higher price point.

Synonyms

processed products refined goods upgraded commodities manufactured items enhanced merchandise

Antonyms

raw materials unprocessed commodities primary products base resources unrefined goods