ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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factories and technology
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minerals and oil
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skills and talents
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inventions
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Detailed explanation-1: -Tools, machinery, buildings, vehicles, and computers are examples of capital goods.
Detailed explanation-2: -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-3: -Capital goods include buildings, machinery, equipment, vehicles, and tools.
Detailed explanation-4: -Capital Goods refer to products that are used in the production of other products but are not incorporated into the new product. These include machine tools, industrial machinery, process plant equipment, construction & mining equipment, electrical equipment, textile machinery, printing & packaging machinery etc.
Detailed explanation-5: -The capital goods industry refers to a group of companies that manufacture and distribute machinery and tools. Other companies use these machines and tools to make their own products. The capital goods industry sector of any nation is closely related to its prevalent economic conditions.