Automobile engine in the context of "Petrol"

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⭐ Core Definition: Automobile engine

There are a wide variety of propulsion systems available or potentially available for automobiles and other vehicles. Options included internal combustion engines fueled by petrol, diesel, propane, or natural gas; hybrid vehicles, plug-in hybrids, fuel cell vehicles fueled by hydrogen and all electric cars. Fueled vehicles seem to have the advantage due to the limited range and high cost of batteries. Some options required construction of a network of fueling or charging stations. With no compelling advantage for any particular option, car makers pursued parallel development tracks using a variety of options. Reducing the weight of vehicles was one strategy being employed.

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Automobile engine in the context of Intermediate good

Intermediate goods, producer goods or semi-finished products are goods used as inputs in the production of other goods including final goods. A firm may make and then use intermediate goods, or make and then sell, or buy then use them. In the production process, intermediate goods either become part of the final product, or are changed beyond recognition in the process.This means intermediate goods are resold among industries.

Intermediate goods are not counted in a country's GDP, as that would mean double counting, because the value of the intermediate good is included in the value of the final good.

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