Term:
Inventories of work-in- progress
Definition:
Inventories of work-in-progress consist of goods and services that are partially completed but that are not usually turned over to other units without further processing or that are not mature and whose production process will be continued in a subsequent period by the same producer.
Domain:
Economics & National Accounts
Source:
(AN.122) – Annex to chapter XIII [6.40, 6.72, 10.102]