BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ECONOMICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In economics, capital goods include
A
buildings and equipment.
B
labor and management.
C
mental and physical work.
D
trees and water.
Explanation: 

Detailed explanation-1: -Capital goods are physical assets that a company uses in the production process to manufacture products and services that consumers will later use. Capital goods include buildings, machinery, equipment, vehicles, and tools. Capital goods are not finished goods, instead, they are used to make finished goods.

Detailed explanation-2: -Capital goods are the assets used by businesses in the course of producing their products and services, and can include buildings, machinery, tools and equipment. Capital resources is a higher-level concept, defined slightly differently by different scholars.

Detailed explanation-3: -Capital goods are mostly fixed assets that are purchased by the producer in order to produce consumer goods. Examples: Buildings, equipment, machinery, furniture, and more.

Detailed explanation-4: -In economics, capital goods or capital are “those durable produced goods that are in turn used as productive inputs for further production” of goods and services. At the macroeconomic level, “the nation’s capital stock includes buildings, equipment, software, and inventories during a given year."

Detailed explanation-5: -Capital goods include items like buildings, machinery, and tools. Examples of consumer goods include food, appliances, clothing, and automobiles.

There is 1 question to complete.