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Industrial goods are products that are manufactured to be used in manufacturing, construction, or other industrial processes instead of being consumed directly by consumers. Industrial goods play a crucial role in the operations of businesses in different industries. Industrial goods can be classified into a number of categories:

Raw Materials: They are raw, unprocessed materials that are utilized to manufacture finished products. They include metals, wood, oil, and agricultural produce.

Component Parts: These are manufactured products that find application in assembling or manufacturing other products. They include engines, circuit boards, and fasteners.

Capital Goods: These are durable goods used in the manufacture of other goods, including machinery, tools, and equipment used in factories. These products entail a high cost.

Supplies: Industrial supplies are products that facilitate manufacturing operations but are not an integral part of the final product, like lubricants, cleaning supplies, and protective gear.

Industrial Services: Industrial services are services that facilitate industrial operations, like maintenance, repair, and logistics services.

Consumables: These are products that get consumed during the manufacturing process, like chemicals, fuels, and packaging supplies.

All these categories have a vital function in the industrial ecosystem, underpinning the wider manufacturing and production industries.

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