Updated: Aug 20, 2021

A saleable commodity produced in the process of manufacturing a main product: e.g. manufacturing waste which has. initially perhaps only incidentally, a market value in its own right. By-products may be natural, e.g. sawdust from a carpenter’s shed, or may be developed from disposable waste, e.g. the various by-products of the coal industry such as tar, gas, soap, etc.

Reference: The Penguin Business Dictionary, 3rd edt.

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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.