Joint Supply Goods

Joint supply goods are economic goods produced simultaneously within the same manufacturing process. These goods may carry equal commercial value or differ in importance, typically categorized as primary and secondary products. Both types, whether primary or secondary, contribute to the company's economic revenue.

When two jointly produced goods are of equal significance, they are both regarded as primary products of the production process, forming part of the company’s core business. For example, in livestock farming, cattle can be used to produce both meat and milk.

If only one of the goods represents the core focus of the production activity, they are identified as the primary product and the secondary product. While both are outputs of the same production facilities, their commercial importance differs. For instance, in agriculture, wheat cultivation (the primary product) is often accompanied by the production of straw (secondary product).