BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Capital goods are needed to produce consumer goods and services. Inflation increases the purchasing power of money. The availability of natural resources, labor, and capital goods are all that is needed to produce goods.

Detailed explanation-2: -Which statement is true about capital goods? They increase the production of goods.

Detailed explanation-3: -Capital goods and consumer goods are terms used to describe goods based on their use. A capital good is any good used for production. Consumer goods are those used by consumers and have no future productive use. The same physical good could be either a consumer or capital good, depending on how the good is used.

Detailed explanation-4: -Is there any good that you consume which was not produced by capital goods? No. Every consumer good needs a capital goods yo be made, transported, sold, etc.